Zhitong New Materials released its 2026 interim report on August 27. During the reporting period, the company achieved operating revenue of 1.553 billion yuan, up 20.10% year on year. Net profit attributable to the parent company was 84.9244 million yuan, up 11.45% year on year. Non-recurring net profit was 54.9909 million yuan, down 21.13% year on year. Overseas business revenue reached 484 million yuan, surging 57.59% year on year, with a gross margin of 33.08%, significantly higher than the 25.42% for domestic business, making it the core engine driving revenue growth. Domestic business revenue was 1.069 billion yuan, up 8.42% year on year. The decline in non-recurring net profit was mainly due to a sharp 84.02% year-on-year increase in financial expenses, affected by higher net exchange losses caused by foreign currency fluctuations. At the same time, selling expenses and administrative expenses rose 15.13% and 14.42% respectively, and research and development investment increased 15.73% year on year. The company said that with the start of the 15th Five-Year Plan and the implementation of urban renewal policies, infrastructure demand in overseas markets, especially in countries along the Belt and Road Initiative, remains strong, but it is necessary to guard against risks from exchange rate fluctuations and weak domestic housing construction demand.
Jiangxi GETO New Materials Corporation LimitedNon-recurring net profit fell 21.13% as financial expenses jumped 84.02% on higher net exchange losses from currency fluctuations.
