Wuchan Zhongda profit jumps 29.65% in first half of 2025

Wuchan Zhongda Group announced a 29.65% increase in net profit attributable to shareholders for the first half of 2025, reaching 2.04 billion yuan, up from 1.573 billion yuan in the same period of 2024. This growth is attributed to the combined efforts of multiple business segments and effective overall operating strategies, including efficiency improvements in its supply chain integrated services and contributions from its high-end manufacturing sector.

The company's intelligent supply chain integrated services saw revenue of 265.61 billion yuan, with steel sales up 6.46% and coal sales up 14.13%. Wuchan Zhongda uses strategies such as futures hedging, robust risk management, and digital controls to mitigate price risks in bulk commodities. The high-end manufacturing segment boosted its revenue by 24.97%, with cable and wire income at 5.666 billion yuan and tire manufacturing income at 2.135 billion yuan. Research and development expenses increased by 27.96% to 655 million yuan, focusing on technologies like deep-sea cables.

Wuchan Zhongda's market competitiveness in high-end manufacturing is strengthened by its three cable and wire production bases with an annual output of 1.2 million kilometers and four tire factories producing 5 billion yuan annually. The company also invested 575 million yuan to acquire a controlling stake in Anhui Shunfu Precision Technology Co., Ltd., expanding its metal new materials business.