<a href="https://laohu8.com/S/00505">Xingye Alloy</a> Materials Reports 22% Increase in Copper Products Sales for H1 2025, Online Games Revenue Declines
Xingye Alloy Materials Group Ltd. has announced its unaudited consolidated results for the six months ended 30 June 2025. The Group reported a revenue of RMB 4.389 billion, marking an increase from RMB 3.594 billion in the same period of the previous year. Despite the rise in revenue, the gross profit decreased to RMB 378 million from RMB 430 million, partly due to the cancellation of the export tax rebate policy for some copper products by the Chinese government, which impacted overseas sales profitability. The Group's profit from operations was reported at RMB 132.7 million, down from RMB 195.9 million in the corresponding period of 2024. The financial results also reflected a decrease in finance income to RMB 13.7 million from RMB 15.5 million and a reduction in finance costs to RMB 19.6 million from RMB 27.7 million. In terms of business development, the Group continued to adjust its product structure, focusing on expanding its market share in industries such as automobiles, electronic products, semiconductors, and new energy. Furthermore, the Group has intensified its research in overseas markets to support the development of its international business.
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