The civil explosives concept surged, with Guangdong Hongda hitting the limit up, and Kstopa IntelliE, JIANGNAN CHEMICAL, KING EXPLORER, Xuefeng Sci-Tech (Group), HOLYVIEW, and KAILONG also rising

KING EXPLORER released its performance for the first half of the year, with a net profit attributable to the parent company of 86.725 million yuan, an increase of 20.91%

KING EXPLORER released its semi-annual report for 2025, with operating revenue of 825 million yuan, a year-on-year increase of 10.47%; net profit attributable to the parent company was 86.725 million yuan, a year-on-year increase of 20.91%. The net profit excluding non-recurring gains and losses was 84.8417 million yuan, a year-on-year increase of 24.82%. The basic earnings per share were 0.2534 yuan. The growth in performance was mainly attributed to market expansion, cost control, and the synergy of various business segments

In 2024, KING EXPLORER's net profit attributable to shareholders reached 124 million yuan, an increase of 22.37%

KING EXPLORER released its 2024 annual performance report, with total operating revenue of 1.632 billion yuan, a year-on-year increase of 8.29%; net profit attributable to the parent company of 124 million yuan, a year-on-year increase of 22.37%; and net profit of 117 million yuan after deducting non-recurring gains and losses, a year-on-year increase of 25.08%. Basic earnings per share were 0.3627 yuan. The growth in performance is mainly attributed to the company's operational efforts around its development strategy and business objectives, strengthening market expansion, and an increase in the production and sales volume of specialized equipment, civil explosive materials, and key raw and auxiliary materials compared to the previous year

KING EXPLORER expects a profit increase, with the net profit attributable to the parent company in the first quarter estimated to be between 33 million yuan and 40 million yuan, a year-on-year increase of 128.18% to 176.59%

KING EXPLORER expects the net profit attributable to the parent company in the first quarter of 2025 to be between 33 million yuan and 40 million yuan, a year-on-year increase of 128.18% to 176.59%. The net profit after deducting non-recurring gains and losses is expected to be between 31 million yuan and 38 million yuan, a year-on-year increase of 145.16% to 200.52%. The growth in performance is mainly driven by a significant increase in revenue from specialized equipment

The civil explosives sector fluctuated and surged, with Poly Union and KING EXPLORER both hitting the daily limit

The civil explosives sector experienced a volatile surge, with Poly Union and KING EXPLORER hitting the daily limit, while GZMB, Xuefeng Sci-Tech (Group), Yahua Group, and TOND saw significant gains. On the news front, on February 28th, the Ministry of Industry and Information Technology issued the "Implementation Opinions on Accelerating the Transformation and Upgrading of the Civil Explosives Industry," promoting the restructuring and integration of enterprises. It encourages civil explosive companies to engage in cross-regional and cross-ownership restructuring and integration, and to carry out industrial chain integration to create a self-controllable industrial chain and supply chain