{"id":863483,"date":"2025-06-25T06:04:44","date_gmt":"2025-06-25T10:04:44","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/santech-holdings-announces-unaudited-financial-results-for-the-first-half-of-fiscal-year-2025\/"},"modified":"2025-06-25T06:04:44","modified_gmt":"2025-06-25T10:04:44","slug":"santech-holdings-announces-unaudited-financial-results-for-the-first-half-of-fiscal-year-2025","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/santech-holdings-announces-unaudited-financial-results-for-the-first-half-of-fiscal-year-2025\/","title":{"rendered":"Santech Holdings Announces Unaudited Financial Results for the First Half of Fiscal Year 2025"},"content":{"rendered":"
\n

HONG KONG, June 25, 2025 (GLOBE NEWSWIRE) — Santech Holdings Ltd. (\u201cSantech\u201d or the \u201cCompany\u201d) (NASDAQ: STEC) today announced its unaudited financial results for the first half of fiscal year 2025 ended December 31, 2024.<\/p>\n

Santech is a Cayman Islands holding company operating through its subsidiaries in Hong Kong and United States, primarily focusing on exploring opportunities in consumer technology, consumer healthcare and enterprise technology.<\/p>\n

\n First Half of Fiscal Year 2025 Highlights<\/strong>\n <\/p>\n

\n Continuing Operations<\/strong>\n <\/p>\n

\n
\n Net revenues<\/em>
\n <\/strong>\n <\/p>\n

\n Total revenues from continuing operations<\/strong> in the six months ended December 31, 2024 decreased to nil from US$17.4 million in the same period of 2023, primarily due to Company having completely exited from overseas wealth management and asset management businesses during the reporting period. All remaining revenues from our prior overseas wealth management and asset management businesses during the reporting period have been reclassified under discontinued operations.<\/p>\n

\n
\n Operating Costs and Expenses<\/em>
\n <\/strong>\n <\/p>\n

\n Cost of compensation and benefits from continuing operations <\/strong>in the six months ended December 31, 2024 decreased to nil from US$13.2 million in the same period of 2023.<\/p>\n

\n Sales and marketing expenses<\/strong>
\n from continuing operations<\/strong> decreased to nil from US$1.5 million in the same period of 2023.<\/p>\n

All direct costs of revenue from overseas wealth management and asset management during the reporting period have been reclassified under discontinued operations.<\/p>\n

\n General and administrative expenses<\/strong>
\n from continuing operations<\/strong> in the six months ended December 31, 2024 decreased by 4.3% to US$2.4 million from US$2.5 million in the same period of 2023, primarily due to ongoing cost cutting and restructuring.<\/p>\n

\n Other expenses, net<\/strong>
\n from continuing operations<\/strong> in the six months ended December 31, 2024 were US$0.2 million, primarily due to the losses on early termination of operating lease.<\/p>\n

\n Discontinued Operations<\/strong>\n <\/p>\n

Results of discontinued operations are as follows:<\/p>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\n Six Months Ended December 31, 2023<\/strong>
\n
\n
\n <\/strong>\n <\/td>\n		\u00a0<\/td>\n\n Two Months Ended\u00a0<\/strong>
\n August 31, 2024<\/strong>
\n
\n
\n <\/strong>\n <\/td>\n<\/tr>\n
\u00a0<\/td>\n\n (US$\u2019000)<\/strong>\n <\/td>\n\u00a0<\/td>\n\n (US$\u2019000)<\/strong>\n <\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\n
\n
\n Discontinued operations<\/u>
\n <\/em>
\n <\/strong>\n <\/td>\n		\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\n Net revenues<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Wealth management<\/td>\n2,442<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n11<\/td>\n\u00a0<\/td>\n<\/tr>\n
Asset management<\/td>\n1,788<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1,170<\/td>\n\u00a0<\/td>\n<\/tr>\n
\n Total net revenues<\/strong>\n <\/td>\n\n 4,230<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n 1,181<\/strong>\n <\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\n Operating cost and expenses<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Compensation and benefits<\/td>\n1,358<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n602<\/td>\n\u00a0<\/td>\n<\/tr>\n
Sales and marketing expenses<\/td>\n315<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n–<\/td>\n\u00a0<\/td>\n<\/tr>\n
General and administrative expenses<\/td>\n656<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n266<\/td>\n\u00a0<\/td>\n<\/tr>\n
Asset impairment loss<\/td>\n2,158<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n–<\/td>\n\u00a0<\/td>\n<\/tr>\n
\n Total operating cost and expenses<\/strong>\n <\/td>\n\n 4,487<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n 868<\/strong>\n <\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\n (Loss)\/income from operations<\/strong>\n <\/td>\n\n (257<\/strong>\n <\/td>\n\n )<\/strong>\n <\/td>\n\u00a0<\/td>\n\n 313<\/strong>\n <\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\n Other expense, net<\/strong>\n <\/td>\n\n (4<\/strong>\n <\/td>\n\n )<\/strong>\n <\/td>\n\u00a0<\/td>\n\n (1<\/strong>\n <\/td>\n\n )<\/strong>\n <\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\n Income\/(loss) before income tax expense<\/strong>\n <\/td>\n\n (261<\/strong>\n <\/td>\n\n )<\/strong>\n <\/td>\n\u00a0<\/td>\n\n 312<\/strong>\n <\/td>\n\u00a0<\/td>\n<\/tr>\n
Income tax (expense)\/credit<\/td>\n(145<\/td>\n)<\/td>\n\u00a0<\/td>\n(29<\/td>\n)<\/td>\n<\/tr>\n
\n Net income\/(loss) from discontinued operations<\/strong>\n <\/td>\n\n (406<\/strong>\n <\/td>\n\n )<\/strong>\n <\/td>\n\u00a0<\/td>\n\n 283<\/strong>\n <\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\n Gain on disposal of subsidiaries from discontinued operations, net<\/strong>\n <\/td>\n\n –<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n 138<\/strong>\n <\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\n (Loss)\/income for the year from discontinued operations, net of income taxes<\/strong>\n <\/td>\n\n (406<\/strong>\n <\/td>\n\n )<\/strong>\n <\/td>\n\u00a0<\/td>\n\n 421<\/strong>\n <\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n<\/table>\n

In August 2024, the Company completely exited from its historical businesses in overseas wealth management and asset management and disposed of certain subsidiaries in Hong Kong, namely, Haiyin Insurance (Hong Kong) Co., Limited and Hywin International Insurance Broker Limited for nil consideration, and Haiyin International Asset Management Limited and Hywin Asset Management (Hong Kong) Limited for US$0.6 million to a third party. The disposal was completed on August 31, 2024. After the disposals, the Company no longer holds any financial services licenses or houses any personnel licensed to provide financial services in Hong Kong.<\/p>\n

\n
\n Net revenues<\/em>
\n <\/strong>\n <\/p>\n

\n Total revenues from discontinued operations<\/strong> in the two months ended August 31, 2024 decreased by 72.1% to US$1.2 million from US$4.2 million in the six months ended December 31, 2023, primarily due to cessation of operations in wealth management and asset management.<\/p>\n

\n
\n Operating Costs and Expenses<\/em>
\n <\/strong>\n <\/p>\n

\n Cost of compensation and benefits from discontinued operations<\/strong> in the two months ended August 31, 2024 decreased by 55.7% to US$0.6 million from US$1.4 million, in line with the decreases in transaction value of wealth management and asset management businesses.<\/p>\n

\n Sales and marketing expenses <\/strong>decreased to nil from US$0.3 million in the six months ended December 31, 2023, due to discontinuation of sales and marketing activities.<\/p>\n

\n General and administrative expenses<\/strong>
\n from discontinued operations<\/strong> in the two months ended August 31, 2024 decreased by 59.5% to US$0.3 million from US$0.7 million in the six months ended December 31, 2023.<\/p>\n

\n Asset impairment loss from discontinued operations<\/strong> in the six months ended December 31, 2023 represented impairment losses due to impairment of assets held in the PRC, and impairment of intangible assets including software and licenses due to disruption to our brand and our licensed financial services operations in Hong Kong.<\/p>\n

\n Loss from disposal of subsidiaries under discontinued operations <\/strong>\n <\/p>\n\n\n\n\n\n\n\n\n\n\n
\u00a0<\/td>\n\n Wealth management business<\/strong>\n <\/td>\n\u00a0<\/td>\n\n Asset management business<\/strong>\n <\/td>\n\u00a0<\/td>\n\n Total<\/strong>\n <\/td>\n<\/tr>\n
\u00a0<\/td>\n\n (US$\u2019000)<\/strong>\n <\/td>\n\u00a0<\/td>\n\n (US$\u2019000)<\/strong>\n <\/td>\n\u00a0<\/td>\n\n (US$\u2019000)<\/strong>\n <\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Considerations received<\/td>\n–<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n641<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n641<\/td>\n\u00a0<\/td>\n<\/tr>\n
Less: Net assets disposed of<\/td>\n(134<\/td>\n)<\/td>\n\u00a0<\/td>\n(369<\/td>\n)<\/td>\n\u00a0<\/td>\n(503<\/td>\n)<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\n (Loss)\/gain from disposal of subsidiaries<\/strong>\n <\/td>\n(134<\/td>\n)<\/td>\n\u00a0<\/td>\n\n 272<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n 138<\/strong>\n <\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n<\/tr>\n<\/table>\n

\n About Santech Holdings Limited<\/strong>
\n
Santech Holdings Limited (NASDAQ: STEC) is a technology-focused company. The Company historically served a large number of high net-worth clients in China and Hong Kong in wealth management, asset management and health management, and accumulated a large customer base. The Company has since exited or disposed of its historical businesses in financial services, and is actively exploring innovative new opportunities in technology verticals, including and not limited to consumer technologies and enterprise technologies. For more information, please visit\u00a0https:\/\/ir.santechholdings.com<\/a>.<\/p>\n

\n Safe Harbor Statement<\/strong>
\n
This press release contains statements that may constitute \u201cforward-looking\u201d statements pursuant to the \u201csafe harbor\u201d provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as \u201canticipate,\u201d \u201cestimate,\u201d \u201cforecast,\u201d \u201cplan,\u201d \u201cproject,\u201d \u201cpotential,\u201d \u201ccontinue,\u201d \u201congoing,\u201d \u201cexpect,\u201d \u201caim,\u201d \u201cbelieve,\u201d \u201cintend,\u201d \u201cmay,\u201d \u201cshould,\u201d \u201cwill,\u201d \u201cis\/are likely to,\u201d \u201ccould\u201d and similar statements. Statements that are not historical facts, including statements about the Company\u2019s beliefs, plans, and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. Further information regarding these and other risks is included in the Company\u2019s filings with the SEC. All information provided in this press release is as of the date of this press release, and the Company does not undertake any obligation to update any forward-looking statement, except as required under applicable law.<\/p>\n

\n Investor Contact:<\/strong>
\n
Santech Holdings Limited
Email:\u00a0ir@santechholdings.com<\/a><\/p>\n

\n \n <\/p>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
\n SANTECH HOLDINGS LTD.
CONSOLIDATED BALANCE SHEETS
<\/strong>(In thousands, except for number of shares and per share data)<\/td>\n<\/tr>\n
\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\n June 30,
2024<\/strong>\n <\/td>\n		\u00a0<\/td>\n\n December 31,
2024<\/strong>\n <\/td>\n<\/tr>\n
\u00a0<\/td>\n\n (US$\u2019000)<\/strong>\n <\/td>\n\u00a0<\/td>\n\n (US$\u2019000)<\/strong>\n <\/td>\n<\/tr>\n
\n Assets<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\n Current assets:<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Cash and cash equivalents<\/td>\n15,184<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n11,233<\/td>\n\u00a0<\/td>\n<\/tr>\n
Deposits, prepayments and other current assets<\/td>\n320<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n72<\/td>\n\u00a0<\/td>\n<\/tr>\n
\n Total current assets<\/strong>\n <\/td>\n\n 15,504<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n 11,305<\/strong>\n <\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Property and equipment, net<\/td>\n3<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n4<\/td>\n\u00a0<\/td>\n<\/tr>\n
Right-of-use asset<\/td>\n1,235<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n–<\/td>\n\u00a0<\/td>\n<\/tr>\n
\n Total non-current assets<\/strong>\n <\/td>\n\n 1,238 <\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n 4<\/strong>\n <\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\n Total Assets<\/strong>\n <\/td>\n\n 16,742<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n 11,309<\/strong>\n <\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\n Liabilities and Shareholders\u2019 equity<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\n Current liabilities:<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Commission payable<\/td>\n859<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n–<\/td>\n\u00a0<\/td>\n<\/tr>\n
Income tax payable<\/td>\n91<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n–<\/td>\n\u00a0<\/td>\n<\/tr>\n
Due to related parties<\/td>\n11,488<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n11,062<\/td>\n\u00a0<\/td>\n<\/tr>\n
Other payables and accrued liabilities<\/td>\n433<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n7<\/td>\n\u00a0<\/td>\n<\/tr>\n
Lease liability<\/td>\n1,059<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n–<\/td>\n\u00a0<\/td>\n<\/tr>\n
\n Total current liabilities<\/strong>\n <\/td>\n\n 13,930<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n 11,069<\/strong>\n <\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Lease liability<\/td>\n250<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n–<\/td>\n\u00a0<\/td>\n<\/tr>\n
\n Total non-current liabilities<\/strong>\n <\/td>\n\n 250<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n –<\/strong>\n <\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\n Total Liabilities<\/strong>\n <\/td>\n\n 14,180<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n 11,069<\/strong>\n <\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\n Shareholders\u2019 Equity:<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Ordinary shares (US$0.0001 par value; authorized 500,000,000 shares; issued and outstanding 56,000,000* shares (28,000,000 ADS) as of June 30, 2024, and December 31, 2024, respectively)<\/td>\n6<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n6<\/td>\n\u00a0<\/td>\n<\/tr>\n
Additional paid-in capital<\/td>\n33,256<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n33,256<\/td>\n\u00a0<\/td>\n<\/tr>\n
Accumulated deficit<\/td>\n(30,700<\/td>\n)<\/td>\n\u00a0<\/td>\n(33,022<\/td>\n)<\/td>\n<\/tr>\n
\n Total shareholders\u2019 equity<\/strong>\n <\/td>\n\n 2,562<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n 240<\/strong>\n <\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\n Total Liabilities and shareholders\u2019 equity<\/strong>\n <\/td>\n\n 16,742<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n 11,309<\/strong>\n <\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n<\/tr>\n<\/table>\n

\n \n <\/p>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
\n SANTECH HOLDINGS LTD.<\/strong>
\n
\n CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS<\/strong>
\n
(In thousands, except for share and per share data, or otherwise stated)<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\n Six Months Ended December 31,<\/strong>\n <\/td>\n\u00a0<\/td>\n<\/tr>\n
\n 2023<\/strong>\n <\/td>\n\u00a0<\/td>\n\n 2024<\/strong>\n <\/td>\n<\/tr>\n
\u00a0<\/td>\n\n (US$\u2019000)<\/strong>\n <\/td>\n\u00a0<\/td>\n\n (US$\u2019000)<\/strong>\n <\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\n
\n
\n Continuing operations<\/u>
\n <\/em>
\n <\/strong>\n <\/td>\n		\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\n Net revenues<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Insurance referral<\/td>\n17,351<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n–<\/td>\n\u00a0<\/td>\n<\/tr>\n
\n Total net revenues<\/strong>\n <\/td>\n\n 17,351<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n –<\/strong>\n <\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\n Operating cost and expenses<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Compensation and benefits<\/td>\n13,210<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n–<\/td>\n\u00a0<\/td>\n<\/tr>\n
Share-based compensation expense<\/td>\n102<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n–<\/td>\n\u00a0<\/td>\n<\/tr>\n
Sales and marketing expenses<\/td>\n1,512<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n–<\/td>\n\u00a0<\/td>\n<\/tr>\n
General and administrative expenses<\/td>\n2,469<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n2,364<\/td>\n\u00a0<\/td>\n<\/tr>\n
\n Total operating cost and expenses<\/strong>\n <\/td>\n\n 17,293<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n 2,364<\/strong>\n <\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\n Income\/(loss) from operations<\/strong>\n <\/td>\n\n 58<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n (2,364<\/strong>\n <\/td>\n\n )<\/strong>\n <\/td>\n<\/tr>\n
\n Other income\/(expenses)<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Interest expense, net<\/td>\n(63<\/td>\n)<\/td>\n\u00a0<\/td>\n(17<\/td>\n)<\/td>\n<\/tr>\n
Other income\/(expense), net<\/td>\n72<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(245<\/td>\n)<\/td>\n<\/tr>\n
\n Total other income\/(expense), net<\/strong>\n <\/td>\n\n 9<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n (262<\/strong>\n <\/td>\n\n )<\/strong>\n <\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\n Income\/(loss) before income tax expense<\/strong>\n <\/td>\n\n 67<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n (2,626<\/strong>\n <\/td>\n\n )<\/strong>\n <\/td>\n<\/tr>\n
Income tax (expense)\/credit<\/td>\n–<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(117<\/td>\n)<\/td>\n<\/tr>\n
\n Net income\/(loss) from continuing operations<\/strong>\n <\/td>\n\n 67<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n (2,743<\/strong>\n <\/td>\n\n )<\/strong>\n <\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\n
\n
\n Discontinued operations<\/u>
\n <\/em>
\n <\/strong>\n <\/td>\n		\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\n (Loss)\/income for the year from discontinued operations, net of income taxes<\/strong>\n <\/td>\n\n (406<\/strong>\n <\/td>\n\n )<\/strong>\n <\/td>\n\u00a0<\/td>\n\n 421<\/strong>\n <\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\n Net loss and comprehensive loss for the period<\/strong>\n <\/td>\n\n (339<\/strong>\n <\/td>\n\n )<\/strong>\n <\/td>\n\u00a0<\/td>\n\n (2,322<\/strong>\n <\/td>\n\n )<\/strong>\n <\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\n (Loss)\/income per share<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\n From continuing and discontinued operations<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Ordinary share – Basic<\/td>\n(0.01<\/td>\n)<\/td>\n\u00a0<\/td>\n(0.04<\/td>\n)<\/td>\n<\/tr>\n
Ordinary share – Diluted<\/td>\n(0.01<\/td>\n)<\/td>\n\u00a0<\/td>\n(0.04<\/td>\n)<\/td>\n<\/tr>\n
ADS – Basic<\/td>\n(0.01<\/td>\n)<\/td>\n\u00a0<\/td>\n(0.08<\/td>\n)<\/td>\n<\/tr>\n
ADS – Diluted<\/td>\n(0.01<\/td>\n)<\/td>\n\u00a0<\/td>\n(0.08<\/td>\n)<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\n From continuing operations<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Ordinary share – Basic<\/td>\n\n 0.00<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n (0.05<\/strong>\n <\/td>\n\n )<\/strong>\n <\/td>\n<\/tr>\n
Ordinary share – Diluted<\/td>\n\n 0.00<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n (0.05<\/strong>\n <\/td>\n\n )<\/strong>\n <\/td>\n<\/tr>\n
ADS – Basic<\/td>\n\n 0.00<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n (0.10<\/strong>\n <\/td>\n\n )<\/strong>\n <\/td>\n<\/tr>\n
ADS – Diluted<\/td>\n\n 0.00<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n (0.10<\/strong>\n <\/td>\n\n )<\/strong>\n <\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\n From continuing and discontinued operations<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Ordinary share – Basic<\/td>\n\n (0.01<\/strong>\n <\/td>\n\n )<\/strong>\n <\/td>\n\u00a0<\/td>\n\n 0.01<\/strong>\n <\/td>\n\u00a0<\/td>\n<\/tr>\n
Ordinary share – Diluted<\/td>\n\n (0.01<\/strong>\n <\/td>\n\n )<\/strong>\n <\/td>\n\u00a0<\/td>\n\n 0.01<\/strong>\n <\/td>\n\u00a0<\/td>\n<\/tr>\n
ADS – Basic<\/td>\n\n (0.01<\/strong>\n <\/td>\n\n )<\/strong>\n <\/td>\n\u00a0<\/td>\n\n 0.02<\/strong>\n <\/td>\n\u00a0<\/td>\n<\/tr>\n
ADS – Diluted<\/td>\n\n (0.01<\/strong>\n <\/td>\n\n )<\/strong>\n <\/td>\n\u00a0<\/td>\n\n 0.02<\/strong>\n <\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\n Weighted average number outstanding:<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Ordinary share – Basic<\/td>\n56,000,000<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n56,000,000<\/td>\n\u00a0<\/td>\n<\/tr>\n
Ordinary share – Diluted<\/td>\n56,000,000<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n56,000,000<\/td>\n\u00a0<\/td>\n<\/tr>\n
ADS – Basic<\/td>\n28,000,000<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n28,000,000<\/td>\n\u00a0<\/td>\n<\/tr>\n
ADS – Diluted<\/td>\n28,000,000<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n28,000,000<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n<\/tr>\n<\/table>\n

\n \n <\/p>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
\n SANTECH HOLDINGS LTD.<\/strong>
\n
\n NOTES TO CONSOLIDATED FINANCIAL STATEMENTS<\/strong>
\n
(In thousands, except for share and per share data, or otherwise stated)
<\/strong><\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\nOrdinary shares<\/td>\n\u00a0<\/td>\nAdditional
paid-in
capital<\/td>\n		\u00a0<\/td>\nAccumulated
deficit<\/td>\n		\u00a0<\/td>\nTotal
Shareholders\u2019
equity<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\nNumber of ordinary shares <\/td>\n\u00a0<\/td>\nAmount<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(US$\u2019000)<\/td>\n\u00a0<\/td>\n(US$\u2019000)<\/td>\n\u00a0<\/td>\n(US$\u2019000)<\/td>\n\u00a0<\/td>\n(US$\u2019000)<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\n Balance as of June 30, 2024<\/strong>\n <\/td>\n56,000,000<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n6<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n33,256<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(30,700<\/td>\n)<\/td>\n\u00a0<\/td>\n2,562<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n<\/tr>\n
Net loss for the period<\/td>\n–<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n–<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n–<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(2,322<\/td>\n)<\/td>\n\u00a0<\/td>\n(2,322<\/td>\n)<\/td>\n<\/tr>\n
\u00a0<\/td>\n<\/tr>\n
\n Balance as of December 31, 2024<\/strong>\n <\/td>\n56,000,000<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n6<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n33,256<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(33,022<\/td>\n)<\/td>\n\u00a0<\/td>\n240<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n<\/tr>\n<\/table>\n

\"\"
\n
\n \"\"\n <\/div>\n

<\/div>\n","protected":false},"excerpt":{"rendered":"

HONG KONG, June 25, 2025 (GLOBE NEWSWIRE) — Santech Holdings Ltd. (\u201cSantech\u201d or the \u201cCompany\u201d) (NASDAQ: STEC) today announced its unaudited financial results for the first half of fiscal year 2025 ended December 31, 2024. Santech is a Cayman Islands holding company operating through its subsidiaries in Hong Kong and United States, primarily focusing on exploring opportunities in consumer technology, consumer healthcare and enterprise technology. First Half of Fiscal Year 2025 Highlights Continuing Operations Net revenues Total revenues from continuing operations in the six months ended December 31, 2024 decreased to nil from US$17.4 million in the same period of 2023, primarily due to Company having completely exited from overseas wealth management and asset management businesses during the reporting period. … <\/p>\n

Continue reading “Santech Holdings Announces Unaudited Financial Results for the First Half of Fiscal Year 2025”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-863483","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nSantech Holdings Announces Unaudited Financial Results for the First Half of Fiscal Year 2025 - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/santech-holdings-announces-unaudited-financial-results-for-the-first-half-of-fiscal-year-2025\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Santech Holdings Announces Unaudited Financial Results for the First Half of Fiscal Year 2025 - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"HONG KONG, June 25, 2025 (GLOBE NEWSWIRE) — Santech Holdings Ltd. (\u201cSantech\u201d or the \u201cCompany\u201d) (NASDAQ: STEC) today announced its unaudited financial results for the first half of fiscal year 2025 ended December 31, 2024. Santech is a Cayman Islands holding company operating through its subsidiaries in Hong Kong and United States, primarily focusing on exploring opportunities in consumer technology, consumer healthcare and enterprise technology. 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(\u201cSantech\u201d or the \u201cCompany\u201d) (NASDAQ: STEC) today announced its unaudited financial results for the first half of fiscal year 2025 ended December 31, 2024. Santech is a Cayman Islands holding company operating through its subsidiaries in Hong Kong and United States, primarily focusing on exploring opportunities in consumer technology, consumer healthcare and enterprise technology. First Half of Fiscal Year 2025 Highlights Continuing Operations Net revenues Total revenues from continuing operations in the six months ended December 31, 2024 decreased to nil from US$17.4 million in the same period of 2023, primarily due to Company having completely exited from overseas wealth management and asset management businesses during the reporting period. … Continue reading \"Santech Holdings Announces Unaudited Financial Results for the First Half of Fiscal Year 2025\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/santech-holdings-announces-unaudited-financial-results-for-the-first-half-of-fiscal-year-2025\/","og_site_name":"Market Newsdesk","article_published_time":"2025-06-25T10:04:44+00:00","og_image":[{"url":"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=OTQ4NDE5MiM3MDE3MzIzIzIyOTE5OTE=","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"6 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/santech-holdings-announces-unaudited-financial-results-for-the-first-half-of-fiscal-year-2025\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/santech-holdings-announces-unaudited-financial-results-for-the-first-half-of-fiscal-year-2025\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"Santech Holdings Announces Unaudited Financial Results for the First Half of Fiscal Year 2025","datePublished":"2025-06-25T10:04:44+00:00","mainEntityOfPage":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/santech-holdings-announces-unaudited-financial-results-for-the-first-half-of-fiscal-year-2025\/"},"wordCount":1282,"image":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/santech-holdings-announces-unaudited-financial-results-for-the-first-half-of-fiscal-year-2025\/#primaryimage"},"thumbnailUrl":"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=OTQ4NDE5MiM3MDE3MzIzIzIyOTE5OTE=","inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/santech-holdings-announces-unaudited-financial-results-for-the-first-half-of-fiscal-year-2025\/","url":"https:\/\/www.marketnewsdesk.com\/index.php\/santech-holdings-announces-unaudited-financial-results-for-the-first-half-of-fiscal-year-2025\/","name":"Santech Holdings Announces Unaudited Financial Results for the First Half of Fiscal Year 2025 - 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