BILLION IND (02299) announced its interim results for the six months ended June 30, 2025. The company's revenue for the first half of 2025 reached RMB 9.485 billion, representing a 10.7% decrease compared to the same period last year. Profit for the first half of 2025 amounted to RMB 377 million, an increase of 15.0% year-on-year. Earnings per share reached RMB 0.18.
The group's management team utilizes scientific management software to achieve networked and digitized production process management, arranges production allocation among various products, and optimizes equipment allocation between production and R&D to maximize capacity utilization. The scientific production management process has improved the group's production efficiency, enabling timely launch of new products in response to market demand and enhancing product differentiation.
The company's ES fiber project was successfully put into operation on June 27, 2020. ES fiber is a bicomponent sheath-core structure composite fiber, where the sheath component has a low melting point and good flexibility, while the core component has a high melting point and high strength. After heat treatment, part of the sheath melts to provide bonding function while the remainder maintains its fibrous state, characterized by low thermal shrinkage. This fiber is particularly suitable for producing hygiene materials, thermal insulation fillers, and filtration materials through hot air penetration processes.
The ES fiber project features German equipment for all main machinery selection and configuration. This excellent equipment provides strong support for the group's product innovation and technological innovation. The company targets high-end customers, produces high-end customized products according to demand, and is gradually entering international high-end markets. The future demand and application prospects for ES fiber are increasingly broad, and higher profits from high value-added products will further consolidate the group's industry position.
The group's G area project for 255,000 tons annual production of functional environmental polyester film, primarily producing polyester film, saw two production lines with combined annual capacity of 70,000 tons officially commissioned in December 2020. This project adopts internationally advanced polyester process production flow, procures 6 latest model German Dornier biaxial stretching polyester film production lines, equipped with German Kampf film slitting machines and 9 polyester sheet production lines. The entire production process achieves automated control, with purification management implemented in production workshops. Equipment operates smoothly with stable production lines, producing films with greater thickness range to meet more customer requirements and ensure quality standards for various products.
Products are positioned for domestic and international high-end functional polyester film and sheet markets, mainly applicable to flexible packaging, composite printing, apparel, safety and energy saving, cosmetics, food packaging, toys, and electronic product sectors, such as solar backsheets, protective films, and release films. Due to favorable market conditions for films this year and based on broad market space, customers had already placed advance orders before the project's commercial production. Leveraging the group's full industry chain platform and mature technical management team, products will serve customers across various sectors with high quality, high standards, and professional service.
This project's commissioning will double the group's existing polyester film and polyester sheet capacity and strengthen the group's market position as one of China's major polyester film manufacturers.