Xingda International (1899) investor relations material

Executive summary

• Revenue declined 3.9% year-over-year to RMB11,480.3 million, mainly due to lower product pricing.

• Gross profit margin improved by 0.2pp to 18.6% as production technology upgrades reduced costs.

• Net profit attributable to owners rose 26.5% to RMB340.4 million, with basic EPS up 24.7% to RMB17.75 cents.

• No final dividend was recommended, but a one-off special dividend of 25.0 HK cents per share was approved post-year-end.

Financial highlights

• EBITDA increased 14.3% year-over-year to RMB1,785.4 million.

• Gross profit decreased 2.8% to RMB2,133.0 million.

• Other income rose 10.3% to RMB229.8 million, mainly from VAT deductions.

• Finance costs fell 8.3% to RMB202.3 million due to lower interest rates and reduced borrowings.

• Net profit for the year increased 21.8% to RMB472.2 million.

Outlook and guidance

• The industry faces continued pressure from weak domestic demand, overcapacity, and global trade protectionism.

• New energy vehicles are expected to drive future growth in radial tire cords.

• The company will focus on high-quality growth, technological innovation, and green upgrades in 2026.

• Profit is expected to trend upward in the latter half of 2026 as domestic demand policies take effect.