Xingye Alloy Materials Reports 22% Increase in Copper Products Sales for H1 2025, Online Games Revenue Declines
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Xingye Alloy Materials Group Ltd. reported a 22% increase in copper products sales for H1 2025, with total revenue rising to RMB 4.389 billion from RMB 3.594 billion year-on-year. However, gross profit fell to RMB 378 million due to the cancellation of the export tax rebate policy affecting overseas sales. Operating profit decreased to RMB 132.7 million, and finance income also declined. The Group is focusing on expanding its market share in sectors like automobiles and new energy while enhancing its international business development efforts.
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