China's Edensoft Holdings H1 profit plunges on higher expenses

Edensoft Holdings

25/08/2026 14:36

Overview
China IT services provider's interim revenue for six months to June 30 grew 23.4% yr/yr
Gross profit for the period fell 11.5% yr/yr to RMB47.8 mln
Net profit attributable to owners dropped 88.2% yr/yr, EPS fell 88.7% to RMB0.06 cents

Outlook
Company did not provide specific financial guidance or outlook for the current or future periods in the press release

Result Drivers
COST OF SALES INCREASE - Cost of sales rose sharply, outpacing revenue growth and leading to a decline in gross profit
HIGH EXPENSES - Administrative, research, and other expenses remained elevated, weighing on profitability

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
H1 Revenue
 
RMB 562.5 mln
 

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)