FilingReader Intelligence

Hongda Blasting reports 64% revenue jump, strategic acquisitions

August 21, 2025 at 11:40 AM UTCBy FilingReader AI

Guangdong Hongda Blasting reported 63.83% revenue growth to 9.15 billion yuan and 22.05% net profit rise to 504 million yuan for the first half of 2025.

Key acquisitions included 21% of Xinjiang Xuefeng Technology for 2.21 billion yuan and 51% stakes in two blasting companies, expanding industrial explosive production capacity to 72.55 million tons.

This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com

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