Xinyi Glass Holdings Ltd. H1 Revenue Drops 9.7% to RMB 9.82 Billion; Net Profit Down 59.6% to RMB 1.01 Billion; EPS Falls to 23.25 RMB Cents
Reuters
Sep 25
Xinyi Glass Holdings Ltd. H1 Revenue Drops 9.7% to RMB 9.82 Billion; Net Profit Down 59.6% to RMB 1.01 Billion; EPS Falls to 23.25 RMB Cents
Xinyi Glass Holdings Ltd. reported its unaudited consolidated results for the six months ended 30 June 2025. The Group posted revenue of RMB 9.82 billion, compared to RMB 10.88 billion for the same period in 2024. Net profit attributable to equity holders was RMB 1.01 billion, down from RMB 2.51 billion a year earlier. Profit before income tax for the first half of 2025 was RMB 1.33 billion, compared to RMB 2.99 billion in the prior-year period. Earnings per share for the period were 23.25 RMB cents, versus 59.41 RMB cents in the corresponding period last year. The Board declared an interim dividend of 12.5 Hong Kong cents per share, compared to 31.0 Hong Kong cents per share in the previous period. During the period, Xinyi Glass reported a decrease in gross profit to RMB 3.10 billion from RMB 3.72 billion, and operating profit fell to RMB 1.18 billion from RMB 2.66 billion. The company recorded net impairment losses on financial assets of RMB 131 million, an increase from RMB 7.8 million a year ago. The company's equity attributable to equity holders stood at RMB 35.00 billion as of 30 June 2025, up from RMB 33.51 billion at the end of June 2024. No specific business outlook or guidance was included in the results announcement.
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