China Starch (03838) Reports Interim Results with Shareholder Attributable Profit of RMB 151 Million, Down 29.47% Year-on-Year

Stock News08-20

China Starch (03838) announced its financial results for the six months ended June 30, 2025. The group recorded revenue of RMB 5.115 billion during the period, representing a year-on-year decrease of 9.4%. Profit attributable to owners of the company reached RMB 151 million, down 29.47% compared to the same period last year. Basic earnings per share stood at RMB 0.0254.

The revenue decline was primarily attributed to decreases in both the average selling prices of the group's products and total sales volume. Additionally, corn grain prices, which constitute the main raw material, experienced substantial increases. During the review period, the group encountered pressures from declining product market prices and significantly rising raw material costs. These adverse changes resulted in reduced gross profit and placed considerable strain on the group's profit margins.

Gross profit for the six months ended June 30, 2025, amounted to RMB 429 million, compared to RMB 507 million in 2024.

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