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Majestic Ideal Holdings Ltd. Reports Q2 2025 Financial Results and IPO Completion
MJID
Earnings
Demand Weakening
Accounting Changes
- For the six months ended March 31, 2025, Majestic Ideal Holdings Ltd. reported a net loss of RMB 4,233,119 (US$583,339) on revenue of RMB 18,230,963 (US$2,512,294), compared to a net income of RMB 237,704 on revenue of RMB 45,724,595 for the same period in 2024.
- As of March 31, 2025, the company had a working capital deficit of RMB 14,017,887 (US$1,931,715).
- Subsequent to the reporting period, on July 22, 2025, the company successfully completed its Initial Public Offering, raising US$15.0 million in gross proceeds, which is expected to meet working capital and operational funding requirements for at least the next 12 months.
- The company adopted ASU 2023-07 (Segment Reporting) on October 1, 2024, which did not have a material impact on its consolidated financial statements.
Sep 29, 2025, 8:01 PM
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