Xingda International (1899) H1 2026 earnings summary

Executive summary

• Revenue rose 2.0% year-over-year to RMB5,778.5 million for the six months ended 30 June 2026, driven by higher domestic sales volume.

• Gross profit was stable at RMB1,122.6 million, but gross margin declined by 0.4 percentage points to 19.4% due to lower average selling prices, especially overseas.

• Net profit attributable to owners dropped 67.3% year-over-year to RMB65.0 million, mainly due to a significant net foreign exchange loss and lower other income.

• No interim dividend was declared for the period.

Financial highlights

• EBITDA fell 29.6% year-over-year to RMB662.6 million.

• Basic earnings per share decreased to RMB3.39 cents from RMB10.37 cents year-over-year.

• Net profit for the period was RMB81.3 million, down 71.3% year-over-year.

• Effective tax rate dropped to 12.8% from 20.9% year-over-year.

Outlook and guidance

• Domestic consumption is expected to recover moderately in the second half of 2026, supported by government policies.

• Export growth remains a key driver, but geopolitical risks and currency pressures may limit margins.

• The company will focus on maintaining high utilization rates, technical upgrades, and green product development.