CHAMPION TECH (00092) released its interim financial results with a net loss attributable to shareholders of HKD 21.607 million, a turnaround from a profit in the same period last year.

CHAMPION TECH (00092) announced its performance for the six months ended December 31, 2024. The Group recorded a revenue of HK$21.66 million, a decrease of 75.75% year-on-year. The loss attributable to owners of the company was HK$21.607 million, compared to a profit of HK$50.59 million in the same period last year. The basic loss per share was 2.67 HK cents. The announcement stated that the decrease in revenue was mainly attributed to a decrease in contract delivery volume for the Smart City Solutions project and the renewable energy business during the period.