Zhangzidao Group sees profit surge 146% in H1 2025

Zhangzidao Group announced positive financial results for the first half of 2025, with net profit attributable to shareholders reaching CNY 10,149,114.53, a significant increase of 146.39% year-on-year. Total operating revenue was CNY 772,441,228.41, a slight decrease of 0.77%, while total assets decreased marginally by 0.35% to CNY 2,261,327,871.74. The company's board approved the half-year report and the proposal to lease out idle sea areas, generating estimated annual liquidity of CNY 2,997,000.00 and increasing profits by CNY 2,827,400.00.

The decision to lease nine plots of sea usage rights, totaling 4,265.3332 hectares (63,980 mu), is a key part of the asset optimization strategy. These sea areas, located in the southern deep-water region of Zhangzidao Town, have an annual usage fee of CNY 2,559,200.00 and are currently idle. The company has no plans for cash dividends, bonus shares, or capital increases from reserves for the first half of the year.

The company also reported progress in scientific and technological innovation, with five new casual food products launched and six research and development projects in the pilot phase. Additionally, Zhangzidao Group's subsidiary, Dalian Zhangzidao Fiberglass Shipbuilding Co., Ltd., received a deregistration notice on February 24, 2025.