Xin Point Holdings (01571.HK) saw its stock price plummet by 5.04% in Friday's pre-market trading session following the release of its interim results for the first half of 2025. The company reported a significant decline in both revenue and profit, disappointing investors and triggering a sell-off.

According to the interim report, Xin Point Holdings' revenue for H1 2025 fell by 5.4% year-on-year to approximately RMB 1.557 billion. More concerning for investors was the sharp 24.97% drop in profit attributable to shareholders, which came in at around RMB 241.7 million. The company's earnings per share also declined to RMB 24.1 cents, down from RMB 32.1 cents in the same period last year.

The company attributed the disappointing results to several factors, including challenges in the European market, uncertainties related to U.S. trade policies, and a decline in global sales from key customer Tesla. Additionally, Xin Point Holdings faced issues with under-utilization of production capacity and higher factory overheads, which contributed to a decrease in gross profit. Despite these challenges, the company maintained its interim dividend at HK$0.2 per share, which may provide some consolation to shareholders amidst the stock's decline.