Shengbai Holdings (02340) announced its interim results, reporting a net loss of HK$26.681 million, a year-on-year increase of 17.9%.

Shengbai Holdings (02340) announced its results for the six months ended June 30, 2026, with revenue of HKD 91.879 million, a year-on-year increase of 47.6%; a net loss of HKD 26.681 million, a year-on-year increase of 17.9%; and a basic loss per share of HKD 0.035. Despite the significant revenue growth, gross profit decreased from approximately HKD 9.6 million during the same period last year to around HKD 7.7 million during the reporting period. This was mainly due to intensified market competition putting pressure on profit margins, along with a reduction in the final payments accepted by subcontractors for certain subcontracting projects compared to the same period last year, leading to decreased cost savings realized from completed projects. As a result, the gross margin fell by 7.0 percentage points from 15.4% in the same period last year to 8.4% during the reporting period.