Core Insights - Xingda International (01899) reported a mid-year performance for 2025 with revenue of 5.664 billion RMB, a year-on-year decrease of 8.1% [1] - The profit attributable to shareholders was 199 million RMB, reflecting a year-on-year increase of 3.5% [1] - Basic earnings per share stood at 10.37 cents [1] Sales Performance - In the first half of 2025, the total sales volume decreased by 5.0% to 688,900 tons, impacted by reduced domestic downstream market demand and competition in the radial tire steel cord industry [1] - Sales volume of radial tire steel cord fell by 2.8% to 562,400 tons, accounting for 81.6% of total sales (compared to 79.8% in the first half of 2024) [1] - Sales volume of tire bead wire decreased by 17.3% to 68,600 tons, representing 10.0% of total sales (down from 11.5% in the first half of 2024) [1] - Sales volume of hose steel wire and other steel wires declined by 8.5% to 57,900 tons, making up 8.4% of total sales (compared to 8.7% in the first half of 2024) [1]

2025年上半年，在受到国内下游市场需求减少及子午轮胎钢帘线行业竞争影响下，集团取得总销量同比 下降5.0%至68.89万吨;子午轮胎钢帘线的销售量同比下降2.8%至56.24万吨，占集团总销售量的81.6% (2024上半年：79.8%);胎圈钢丝的销售量下降17.3%至6.86万吨，占集团总销售量的10.0%(2024年上半 年：11.5%)。胶管钢丝及其他钢丝的销售量下降8.5%至5.79万吨，占集团总销售量的8.4%(2024年上半 年：8.7%)。 智通财经APP讯，兴达国际(01899)发布2025年中期业绩，收益56.64亿元(人民币，下同)，同比下降 8.1%;公司拥有人应占溢利1.99亿元，同比增长3.5%;每股基本盈利10.37分。 ...

Group 1 - The company, Xingda International, announced a capital reduction agreement involving its subsidiary, Jiangsu Xingda Steel Cord Co., Ltd., with several tire manufacturers, resulting in a reduction of registered capital from approximately RMB 2.862 billion (about HKD 3.132 billion) to approximately RMB 2.711 billion (about HKD 2.966 billion) [1] - Prior to the capital reduction, the subsidiary was held approximately 70.32% by Faith Maple (a wholly-owned subsidiary of the company) and other shareholders, while post-reduction, the ownership will change to approximately 74.25% held by the company and 25.75% by other shareholders [1] - The capital reduction is a response to the termination of a proposed spin-off due to changes in the international business environment, allowing certain shareholders to withdraw their investments [2][3] Group 2 - The capital reduction agreement allows shareholders, including Chengshan Group, Sailun Group, Triangle Tire, and Linglong Tire, to withdraw their investments with a total amount of RMB 50 million, which will be calculated with interest at a simple annual rate of 8% from December 16, 2020, until the withdrawal date [2] - The total cost for the withdrawal of RMB 50 million is calculated to be RMB 55.9861 million, leading to the cancellation of 20.833 million shares at a cancellation price of approximately RMB 2.69 per share [2] - As of the announcement date, other shareholders of the target company have not expressed any intention to withdraw their investments [4]