Xiamen Xiangyu raises capital, plans subsidiary listing

Xiamen Xiangyu Co. Ltd. reported a robust first half of 2025, with net profit attributable to shareholders increasing by 32.48% to RMB 1,032.12 million, and total assets rising by 10.35% to RMB 136,698.30 million. The company successfully completed a fixed-price private placement project, raising RMB 3.22 billion by attracting strategic investors, including China Merchants Group and Shandong Port Group. This capital infusion is earmarked to strengthen the capital base and support international operations.

In a move to enhance its business structure and operational efficiency, Xiamen Xiangyu is reorganizing its industrial segments. A key development is the proposed application for its shipbuilding subsidiary, Nantong Xiangyu Shipbuilding & Offshore Engineering Co. Ltd., to list on the National Equities Exchange and Quotations (New Third Board). This strategic decision, approved by the board, aligns with the company's "3N1H" strategy, aiming to improve corporate governance and foster business development for the subsidiary.

The company also increased its 2025 annual related-party transaction limit by RMB 550 million for sales of goods to Xiamen Financial Leasing Co. Ltd., reflecting ongoing business needs. As part of its capital management, Xiamen Xiangyu utilized RMB 3,179,227,792.51 of its raised funds by June 30, 2025, primarily for general working capital and debt repayment.