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Xinrui Co., Ltd.: Expected 2026 first-half net profit to increase year over year by 424.75% to 523.76%

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Xingrui Co., Ltd. announced that it expects net profit attributable to the owners of the parent company for the first half of 2026 to be between 530 million yuan and 630 million yuan. Compared with the same period last year, this will increase by 429 million yuan to 529 million yuan, representing a year-on-year increase of 424.75% to 523.76%. The company focuses on the core segments of cemented carbide and tools, and continues to advance the coordination between sales channels and production capacity among its domestic and overseas subsidiaries. During the reporting period, the company seized the development opportunities arising from strong downstream demand in global mining and high-end mechanical processing. Coupled with the ongoing optimization of the product structure of high-value-added products such as rock drilling tools and cutting tools, the company’s sales volumes of cemented carbide products, rock drilling tools, and cutting tools increased year over year, driving an increase in its revenue scale. At the same time, during the reporting period, affected by the rise in prices of major raw materials such as tungsten carbide, the company improved the profitability of its products by implementing product price adjustments. The combined drivers of both higher volume and prices, optimization of product mix, and the release of synergies from M&A jointly drove the company’s year-on-year growth in operating performance for the first half of 2026.
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