ArtGo Holdings Limited reported FY2025 revenue of RMB73.76 million, improving 3.1% year on year. Gross profit increased 8.9% to RMB12.21 million, lifting the gross margin to 16.6% from 15.7% in FY2024.

Loss before tax narrowed sharply to RMB81.09 million from RMB284.99 million a year earlier, primarily because FY2024 included a RMB234.06 million write-off of mining rights that did not recur. The FY2025 bottom-line loss attributable to shareholders was RMB81.84 million, down 71.3% year on year. Basic and diluted loss per share declined to RMB0.07 from RMB0.28.

Segment performance: • Marble products (stone and calcium carbonate) generated RMB71.75 million, or 97.3% of total revenue. Within this, marble stone sales rebounded to RMB7.12 million (up 163.0%), while calcium carbonate contributed RMB64.63 million (down 4.2%). Segment operating loss was RMB13.60 million. • Warehousing and logistics contributed RMB2.01 million, up 42.9%, with a segment loss of RMB3.14 million.

Key expense items: • Administrative expenses fell 4.0% to RMB43.73 million. • Finance costs rose 12.8% to RMB18.33 million, reflecting higher average borrowings. • Expected credit losses on receivables increased to RMB8.01 million from RMB6.95 million. • An impairment of property, plant and equipment of RMB16.18 million was recognised versus nil in FY2024.

Balance-sheet highlights: • Total assets stood at RMB939.92 million; net assets were RMB541.03 million. • Cash and bank balances were RMB11.06 million, down from RMB16.05 million. • Interest-bearing bank and other borrowings rose to RMB247.94 million (FY2024: RMB225.45 million); the gearing ratio increased to 43.8% from 34.9%. • Current ratio declined to 1.1 from 1.2.

Capital moves: On 24 December 2025 the company placed 237.01 million new shares at HK$0.106, raising net proceeds of approximately HK$24.77 million. By year-end HK$22.39 million had been applied, mainly to debt repayment.

Dividend: No final dividend was proposed.

Outlook: Management signalled a continued focus on disciplined cost control, working-capital optimisation and exploration of asset-monetisation opportunities amid an uncertain property and construction market.