Jolimark Holdings Limited released its audited results for the year ended 31 December 2025.
Revenue and Profitability • Revenue declined 4.22% year-on-year to RMB 143.42 million, reflecting softer demand for dot-matrix printers after nationwide adoption of digital e-invoices. • Gross profit rose 18.94% to RMB 21.85 million. The gross margin improved from 12.27% to 15.23%, aided by lower impairment charges. • Net loss attributable to shareholders narrowed to RMB 49.61 million from RMB 59.83 million in 2024. Basic and diluted loss per share improved to RMB 0.081 (2024: RMB 0.098).
Segment Performance • Printers: Revenue slipped 4.22% to RMB 124.66 million, accounting for 86.9% of group sales. Segment loss was RMB 8.81 million (2024: RMB 21.57 million). • Other Products (including medical equipment): Revenue decreased 4.26% to RMB 18.76 million with a segment loss of RMB 4.15 million (2024: RMB 2.24 million).
Expenses and Impairments • Selling and marketing expenses fell 19.10% to RMB 21.95 million. • Administrative expenses decreased 6.65% to RMB 30.79 million. • R&D spending was cut 14.63% to RMB 12.87 million. • Additional impairment losses of RMB 3.64 million were recognised on property, plant and equipment and investment properties.
Balance Sheet and Liquidity • Total assets dropped to RMB 134.53 million (2024: RMB 206.14 million). • Shareholders’ funds moved to a deficit of RMB 42.12 million versus a surplus of RMB 11.20 million a year earlier. • Net current liabilities stood at RMB 75.90 million. • Cash, pledged deposits and restricted cash totalled RMB 12.05 million against total borrowings of RMB 114.47 million, of which RMB 86.73 million are due within twelve months. • Property, plant and equipment and right-of-use assets with a combined book value of RMB 42.69 million were pledged against bank loans of RMB 85.00 million.
Going-Concern Assessment Management highlighted material uncertainty over going concern, citing continued losses, net current liabilities and a shareholders’ deficit. Mitigating actions include extension of bank facilities, strict cost controls, new product launches and a RMB 35.00 million standby facility from the controlling shareholder.
Capital Expenditure and Investments • Capital expenditure amounted to RMB 2.24 million, mainly for production equipment and moulds. • Financial assets at fair value through other comprehensive income decreased to RMB 4.86 million, primarily reflecting a fall in the fair value of the 0.33% stake in Ele-Cloud Information Technology Co., Ltd.
Other Information • No dividend was declared for 2025. • Headcount fell to 500 from 572. • There were no material acquisitions, disposals or contingent liabilities during the period and no significant post-balance-sheet events reported.