XINGYE ALLOY (00505) issues a profit warning, with the expected mid-term net profit attributable to shareholders decreasing by approximately 25% year-on-year.

XINGYE ALLOY (00505) announced that the expected net profit attributable to equity shareholders of the Group for the six months ended June 30, 2025 (the current period) is expected to decrease by approximately 25% compared to the six months ended June 30, 2024 (the previous period) which was 141 million yuan. The decrease in expected net profit for the current period is mainly attributed to: increased labor costs due to new hires and salary adjustments; increased depreciation costs from the purchase of new equipment and other infrastructure; and reduced gross profit from overseas sales due to the Chinese government's cancellation of export tax rebate policies on certain copper products.