Zixin 1HFY2026 earnings double to RMB16.06 mil

The Edge Singapore 11-16

Liang explains that the company needs additional capital to fund "swift" expansion beyond its original operating base at Liancheng CountyZixin Group Holdings has reported earnings of RMB16.06 million ...

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Revenue jumped by 40.8% y-o-y to RMB220.6 million.\nThe company, which processes sweet potato into foodstuffs, attributes the increase in both revenue and net profit to enhanced performance across the reportable business segments.\nZixin has recently started processing waste from the processing into poultry feed, forming what is called an \"integrated circular economy for the sweet potato industrial value chain\". \n\"We believe that our ongoing investment in biotech R&D capabilities, aimed at creating new sweet potato varieties, cultivation techniques and solutions, high-tech food production methods, consumer snack products, convenient and functional foods, as well as probiotic solutions for fermentation of sweet potato agricultural waste, are essential for the sustainable growth of Zixin Group,\" says executive chairman and CEO Liang Chengwang.\nOn Sept 18, the company raised $26.57 million by issuing options to subscribe for new shares at 30 cents each. \nLiang explains that the company needs additional capital to fund \"swift\" expansion beyond its original operating base at Liancheng County. \n\"In these uncertain times, we seek certainty, and thus, we have undertaken the share option fundraising exercise to secure the necessary funding for our planned expansions in the replication projects of our integrated circular economy sweet potato industrial value chain model,\" says Liang.\nAs of Sept 30, Zixin's net asset value per share was RMB37.22 cents, or 6.8 cents. \nOn Nov 14, Zixin shares closed at 3.7 cents, unchanged for the day and up 23.3% year to date.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"dataReport","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.35.12","shortVersion":"4.35.12","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2584968426","isCrawlerRequest":true}