XINGDA INT'L (01899) issues a profit warning, expecting that the profit attributable to shareholders for the first half of the year will decrease by 60% to 75% year-on-year.

XINGDA INT'L (01899) announced that the group expects to achieve a profit attributable to company owners that will decline by 60% to 75% year-on-year in the first half of 2026. The profit attributable to company owners for the same period in 2025 was approximately 199 million yuan. The board believes that the decrease in profit attributable to company owners is mainly due to the following factors: (i) The company has shifted from recognizing net exchange gains to net exchange losses under "other income and losses," primarily due to exchange rate fluctuations; (ii) The reduction in bank interest income under "other income" is mainly due to a year-on-year decrease in average fixed-term deposits and a reduction in bank deposit rates.