Huaibei GreenGold Reports Decrease in Finance Costs and Rise in Income Tax Expenses for Interim 2025 Results
Reuters
Sep 26
Huaibei GreenGold Reports Decrease in Finance Costs and Rise in Income Tax Expenses for Interim 2025 Results
Huaibei GreenGold Industry Investment Co. Ltd. released its interim results for the first half of 2025. The company reported finance costs of RMB33.5 million, a decrease of RMB1.7 million from RMB35.2 million in the same period last year, mainly due to a reduction in discounted interest on long-term payables. Income tax expenses for the reporting period were RMB2.5 million, up from RMB1.4 million in the first half of 2024, with the increase attributed primarily to the impact of deferred income tax. The corporate income tax rate within the PRC remained at 25% for the period. During the reporting period, the company did not conduct any purchase, sale, or redemption of its listed securities, and no treasury shares were held as of 30 June 2025. There was no share scheme in place during this period. Huaibei GreenGold stated that it will focus on ensuring a stable supply of aggregate and concrete products to meet growing market demand. The company plans to continue its strategy of refined management and innovation-driven development to support regional infrastructure construction.
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