Xingda International (1899) H1 2026 earnings summary

Executive summary

• Revenue rose 2.0% year-over-year to RMB5,778.5 million for H1 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 dropped 71.3% year-over-year to RMB81.3 million, mainly due to significant net foreign exchange loss and lower margins.

• No interim dividend was declared for the period.

Financial highlights

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

• Basic EPS was RMB3.39 cents, down from RMB10.37 cents in H1 2025.

• Net profit attributable to owners declined 67.3% to RMB65.0 million.

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

• Net assets decreased 6.8% to RMB8,261.9 million as of June 30, 2026.

Outlook and guidance

• Moderate recovery in domestic consumption is expected in H2 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.