Xingfa Aluminium Warns of Sharp Drop in First-Half Profit
Stock News
Aug 20
Xingfa Aluminium Holdings Ltd (00098) has issued a profit warning, indicating that its net profit attributable to equity shareholders for the first half of 2026 is expected to fall to a range of RMB 165 million to RMB 171 million.
This compares with approximately RMB 270.9 million recorded in the same period of 2025, representing a significant decline year-on-year.
The company's board attributes the anticipated reduction in profit primarily to intensifying industry competition and the sustained uptrend in aluminium raw material prices, which have exerted downward pressure on the group's product gross margins, consequently dragging down its net profit attributable to shareholders.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.