Yihai International reports stable revenue, lower profit in first half 2025

Yihai International Holding Ltd. reported stable revenue of RMB2,927.4 million for the first half of 2025, consistent with the same period last year. However, net profit for the period decreased by 1.5% to RMB329.1 million, with basic earnings per share rising slightly to RMB31.90 cents from RMB31.78 cents. Gross profit also experienced a modest decline of 1.4% to RMB864.963 million, resulting in a gross profit margin of 29.5%, down from 30.0% in the prior period.

The Group's distribution expenses increased by 4.9% to RMB369.5 million, primarily due to higher logistics costs. Administrative expenses also rose by 11.6% to RMB156.5 million, attributed to increased reserve labor costs for industrial chain extension and office-related expenses. Conversely, other income and gains saw a significant increase of 215.5% to RMB91.5 million, largely driven by higher government grants and favorable foreign currency exchange rates.

Total assets decreased by 7.5% to RMB5,364.166 million, while total equity saw a 2.0% decrease to RMB4,640.457 million. The asset-liability ratio improved to 13.5% as of June 30, 2025, from 18.4% at the end of 2024, with no bank borrowings.