XIN POINT HOLD announced its interim results, with a profit attributable to the owners of the parent company of approximately 242 million yuan, a year-on-year decrease of 24.97%
XIN POINT HOLD announced its mid-term results for 2025, with revenue of approximately RMB 1.557 billion, a year-on-year decrease of 5.42%; profit attributable to the parent company was approximately RMB 242 million, a year-on-year decrease of 24.97%. Basic earnings per share were 24.1 cents, and the interim dividend was HKD 0.20 per share. The decline in performance was mainly affected by fluctuations in the global automotive industry, increased employee costs, and rising logistics expenses. No withholding tax on dividends was generated in China in the first half of 2025, and the effective tax rate decreased compared to 2024
According to the Zhitong Finance APP, XIN POINT HOLD (01571) announced its interim results for 2025, with revenue of approximately RMB 1.557 billion, a year-on-year decrease of 5.42%; profit attributable to the parent company was approximately RMB 242 million, a year-on-year decrease of 24.97%; basic earnings per share were 24.1 cents, and the interim dividend was HKD 0.20 per share.
The announcement stated that the decrease in profit was mainly due to the combined impact of the following factors: due to the volatile trade environment facing the global automotive industry (especially affected by U.S. trade tariffs), the group's revenue in the first half of 2025 decreased by approximately 5.4% compared to the first half of 2024; XIN POINT's gross profit declined from approximately RMB 615 million in the first half of 2024 to approximately RMB 486 million in the first half of 2025, with the gross profit margin in 2025 affected by increased employee costs, logistics expenses, and a certain degree of decline in operational efficiency; due to foreign exchange gains in the first half of 2025, other income and gains increased; and there was no withholding tax on dividends in China in the first half of 2025, resulting in a lower effective tax rate in the first half of 2025 compared to the first half of 2024. In the first half of 2024, a wholly-owned subsidiary of the group in China paid dividends to its shareholders, resulting in a payment of RMB 20 million in withholding tax on dividends, while no such dividend payment was made in the same period of 2025
