Xin Point Holdings reported unaudited revenue of RMB1.46 billion for the six months ended 30 June 2026, down 6.3% versus the prior-year period, as fewer projects entered mass production and some customers delayed orders amid higher oil prices. Profit attributable to owners fell 11.7% to RMB213.50 million, driving basic earnings per share to RMB0.213 (1H 2025: RMB0.241).
Gross profit edged up 0.9% to RMB490.64 million, with the margin widening to 33.6% (1H 2025: 31.2%) on product-mix improvements, automation gains and tighter control of materials, labour and overheads. Cost of sales declined 9.6% to RMB968.81 million, led by a 7.2% drop in staff costs and a 14.7% reduction in overheads.
Operating cash flow remained robust at RMB461.09 million, supporting a cash and cash-equivalents balance of RMB1.31 billion at end-June and leaving the group debt-free. Directors declared an interim dividend of HK$0.15 per share, trimmed from last year’s HK$0.20.
Annualised electroplating capacity stayed at about 3.0 million sq.m.; utilisation improved slightly to 83.3%. Spray-painting utilisation rose to 69.0%. A new chromium-free line in Jiujiang and a Malaysian facility are set for ramp-up later in 2026. Backlog totalled RMB10.26 billion, scheduled for delivery through 2030.
Management expects global light-vehicle sales to be “moderate” in 2H 2026 and will monitor tariff, currency and cost movements. Post-period, the company received a legal letter from a customer over a June vehicle recall; cause, liability and potential compensation remain under review.
Comments