GOLDENPOWER Reports Widened Interim Loss of HK$9.96 Million Amid Revenue Decline

Stock News
Aug 19

GOLDENPOWER (03919) has released its interim results for the six months ended June 30, 2026, revealing a consolidated revenue of HK$138 million, a decrease of 13.2% year-on-year. The company recorded a loss attributable to equity shareholders of HK$9.957 million, which represents a significant expansion of 215.6% compared to the previous corresponding period.

The basic loss per share stood at HK29.34 cents. According to the company's statement, the loss for the period was primarily driven by four key factors: reduced revenue, lower export tax rebates, a stronger Renminbi against the Hong Kong dollar, and increased depreciation and amortization expenses.

These combined pressures weighed heavily on the group's financial performance during the reporting period, reflecting broader challenges in its operating environment and cost structure.

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