Xinjiang Korla pear sees slight revenue dip in Q1 2025

Tongyi Low Carbon Technology (Xinjiang) Co., Ltd. (SSE:600506) reported a slight decrease in revenue for the first quarter of 2025, with total revenue dropping 1.28% year-over-year to CNY 746,547,290.21. However, net profit attributable to shareholders increased by 4.81% to CNY 41,358,153.02, driven by cost control and strategic shifts including efforts to pay down debt. Basic earnings per share rose 4.82% to CNY 0.2154. Production and sales figures for key products like lubricating grease and antifreeze experienced only minor shifts. The company noted fluctuations in raw material prices, with base oil and additives decreasing while ethylene glycol prices increased. A change of control at Korla also occurred, with China Cinda transferring its 58% stake to Central Huijin, giving the latter control of 32.45% of the company. The prior indirect holding company was acquired by China Water. No events have a major impact on its operations.