HXTL (01085) released its interim results, showing a net loss attributable to shareholders of 70.42 million yuan, a year-on-year change from profit to loss.

HXTL (01085) released the interim results for the six months ending June 30, 2025. The group achieved a revenue of 1.022 billion RMB, a decrease of 8.35% compared to the same period last year. The net loss attributable to equity shareholders of the company was 70.42 million RMB, compared to a profit of 26.589 million RMB in the same period last year. The basic loss per share was 0.152 RMB. The announcement stated that the revenue in the first half of 2025 decreased compared to the first half of 2024, mainly due to a decrease in revenue from the wireless communication business segment. In the first half of 2025, the revenue from the wireless communication business segment was approximately 854 million RMB, a decrease of approximately 115 million RMB or 11.9% compared to approximately 969 million RMB in the first half of 2024.