Xinxing Ductile Iron Pipes sees Q3 2025 revenue climb, net profit surge

Xinxing Ductile Iron Pipes Co., Ltd. reported a 13.25% increase in Q3 2025 operating revenue to 9.45bn yuan, with year-to-date revenue up 0.38%. Net profit attributable to shareholders surged by 430.36% to 295.5m yuan in Q3. The company’s total assets grew by 1.31% to 53.9bn yuan as of September 30, 2025.

In strategic developments, Xinxing Ductile Iron Pipes announced the acquisition of a 10% stake in its subsidiary, Fuzhou Energy, for 151.4m yuan, aiming for full ownership. Additionally, the company is renewing its financial services agreement with Xinxing Cathay Group Finance Co., Ltd., outlining deposit limits of 4.5bn yuan and a comprehensive credit line of 5bn yuan to optimize financial management and reduce financing costs.

The company also approved a three-year shareholder return plan (2025-2027), prioritizing cash dividends with a minimum payout of 10% of annual distributable profits. Wang Changhui was nominated as a non-independent director and appointed as general manager, effective October 24, 2025.