Ximei resources profit surges 71.4% in first half of 2025

Ximei Resources Holding Limited reported a 71.4% increase in profit for the six months ended June 30, 2025, reaching RMB107.5 million, compared to RMB62.7 million in the same period of 2024. Revenue rose by 5.7% year-on-year to RMB954.2 million, primarily attributed to an active adjustment of the product mix, particularly increased sales of niobium metal products, and growth in the trading business. The gross profit margin improved to 23.7% from 21.1% in the prior year, reflecting enhanced production capacity and strengthened processes.

The company's administrative expenses decreased to RMB73.9 million from RMB87.5 million, due to a reduction in staff costs and the completion of certain research and development projects. Finance costs also saw a decrease, mainly from lower bill discounting. Basic earnings per share attributable to shareholders for the period stood at RMB0.26, up from RMB0.17 in the first half of 2024.

As of June 30, 2025, total bank borrowings increased to RMB795.5 million from RMB599.3 million, mainly due to an increase in raw material reserves. The gearing ratio was approximately 32.2%, an increase of 5.5 percentage points from 26.7% at the end of 2024.