Zhixin Group Holding Ltd. Reports 91.8% Drop in PC Component Sales and RMB49.1 Million Loss for H1 2025

Reuters
Aug 29
Zhixin Group Holding Ltd. Reports 91.8% Drop in PC Component Sales and RMB49.1 Million Loss for H1 2025

Zhixin Group Holding Ltd. announced its interim results for the six months ended 30 June 2025. The company reported a 6.4% increase in overall revenue compared to the same period in the previous year. Revenue from the sale of ready-mixed concrete rose by approximately 14.0% to RMB148.2 million. In contrast, revenue from PC components saw a significant decrease of approximately 91.8% to RMB0.87 million. Furthermore, revenue from iron ore tailings recycling and eco-friendly bricks increased by approximately 6.8% to RMB110.6 million. The company's gross profit experienced a substantial decline of approximately 82.6%, dropping from RMB45.5 million in the same period in 2024 to RMB7.9 million for the current period. This decrease was primarily due to a larger increase in the cost of sales compared to revenue, with a specific gross loss from ready-mixed concrete amounting to approximately RMB19.3 million. Zhixin Group reported a loss of approximately RMB49.1 million for the period, marking a significant decrease from the profit of approximately RMB1.2 million recorded in the corresponding period of the previous year. During this period, the company did not engage in any significant acquisitions, disposals, or investments. The Group's workforce decreased, with 376 employees as of 30 June 2025, compared to 462 employees as of 30 June 2024. The company outsourced some factory workers for its PC component production lines to improve efficiency and flexibility.

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