XINGDA INT'L (01899) Releases Interim Results with Profit Attributable to Shareholders of RMB199 Million, Up 3.5% Year-over-Year

Stock News

Aug 29

XINGDA INT'L (01899) announced its interim results for 2025, reporting revenue of RMB5.664 billion, representing an 8.1% year-over-year decline. Profit attributable to owners reached RMB199 million, marking a 3.5% increase compared to the same period last year. Basic earnings per share stood at 10.37 cents.

During the first half of 2025, amid reduced downstream market demand domestically and intensified competition in the radial tire steel cord industry, the Group achieved total sales volume of 688,900 tons, down 5.0% year-over-year. Radial tire steel cord sales volume decreased 2.8% to 562,400 tons, accounting for 81.6% of the Group's total sales volume (compared to 79.8% in the first half of 2024). Bead wire sales volume declined 17.3% to 68,600 tons, representing 10.0% of total sales volume (versus 11.5% in the first half of 2024). Sales volume of hose wire and other wires dropped 8.5% to 57,900 tons, comprising 8.4% of total sales volume (compared to 8.7% in the first half of 2024).

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