Zixin Group’s net profit more than doubles to $5m in H1 FY2026
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Zixin Group Holdings Limited reported a 105.5% increase in net profit for H1 FY2026, reaching $5.0m compared to $2.4m in H1 FY2025. Revenue grew 40.8% YoY to $68.4m, driven by higher sales of processed and fresh sweet potatoes. Gross profit increased 28% to $20.6m, despite a decline in gross margin to 30.2%. Net assets rose 2.8% to $183.4m, and cash balances increased 45.5% to $82.6m. The company plans to raise $26.6m through a share option exercise and expand capacity and launch new products in FY2026.
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