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XINGDA INT'L announced that the company will hold a board meeting on January 20 (Tuesday) to review and approve the proposal to pay a special dividend to shareholders
Prinx Chengshan Holding Ltd. reported a 6.4% increase in revenue to RMB 5.71 billion for H1 2025, but net profit fell 37.4% to RMB 507.6 million. The gross profit margin decreased to 16.6%, and EBITDA dropped 33.8% to RMB 791 million. Domestic distributor revenue declined by 18.3%, while sales in OE channels grew, particularly in the commercial vehicle sector. The company is focusing on international marketing and enhancing digital tools for better service efficiency.
PRINX CHENGSHAN announced that its wholly-owned subsidiary Prinx Thailand has been officially approved by the Thailand Industrial Estate Authority, and the tire production base in Thailand has been authorized to resume production. Accordingly, the production base officially resumed operations on September 5th (18:00)
According to the Zhitong Finance APP, PRINX CHENGSHAN announced that Prinx Thailand has officially received approval from the Industrial Estate Authority of Thailand (IEAT) today, and the production base has been authorized to resume production. Accordingly, the production base will officially resume production on September 5, 2025 (18:00). The company will ensure that the operations of the production base comply with applicable laws and regulations in Thailand. The company currently expects that recent events in Thailand will not have any significant impact on the group's financial condition
Prinx Chengshan Holdings Limited held a board meeting where key resolutions were discussed. A significant outcome was the announcement of the resumption of operations at the company's tire production base in Thailand, which received official approval from the IEAT. Operations resumed on September 5, 2025, and the board assured compliance with Thai laws, stating that recent events in Thailand are not expected to materially impact the Group’s financial condition.
