Zixin Group guides for ‘significantly higher’ net profit for FY2025
The company will release its results by May 30.
Zixin Group says it is expecting to report a “significantly higher” net profit for the FY2025 ended March 31 on a y-o-y basis.
The higher bottomline is mainly due to the higher revenue in FY2025, thanks to increased sales and volume of fresh sweet potatoes, sweet potato processed products, and sweet potato seedlings compared to FY2024.
In FY2024, Zixin Group reported earnings of RMB13.4 million ($2.55 million), reversing from a loss of RMB14.2 million. During the year, revenue surged by 45% y-o-y to RMB318.4 million.
The company will release its results by May 30.
Shares in Zixin closed flat at 2.9 cents on May 9.
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