Xingda International Holdings ( (XNGIF) ) has released its Q2 earnings. Here is a breakdown of the information Xingda International Holdings presented to its investors.
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Xingda International Holdings Limited, a key player in the radial tire cords industry, has reported its interim results for the first half of 2025, reflecting the challenges and opportunities within the automotive sector. The company, which specializes in manufacturing radial tire cords, bead wires, and other related products, operates primarily in the automotive supply chain, serving both domestic and international markets.
In the first half of 2025, Xingda International Holdings experienced a decline in revenue by 8.1% year-on-year, amounting to RMB5,664.3 million. Despite the decrease in revenue, the company managed to increase its profit attributable to owners by 3.5% to RMB198.9 million. The gross profit margin saw a slight improvement, rising to 19.8% from 19.6% in the previous year. The company did not declare an interim dividend for this period.
Key financial metrics reveal mixed performance, with EBITDA rising by 8.0% to RMB941.1 million, while revenue from radial tire cords for trucks and passenger cars showed a decline and slight growth, respectively. The company’s strategic focus on new energy vehicles has contributed to the resilience in the passenger car segment. Additionally, the company has increased its production capacity and continues to invest in research and development to meet evolving market demands.
Looking ahead, Xingda International Holdings anticipates challenges due to global economic uncertainties and tariff policy adjustments. However, the company remains optimistic about the domestic market’s growth potential, driven by national policies and the expansion of new energy vehicles. The management’s focus on innovation and market expansion positions the company for potential long-term gains despite current market pressures.