Hengdeli Holdings Limited (“Hengdelior the”Businessand, together with its subsidiaries, the”Group; stock code: 3389revealed its interim outcomes for the 6 months ended 30 June 2025 (“the period under review“.
In the very first half of 2025, the worldwide environment stayed intricate and unpredictable, with unpredictabilities such as increasing trade barriers, heightening trade frictions and continuing geopolitical disputes weighing on the momentum of international financial development. Under these pressures, China’s financial development decreased however kept steady in the middle of numerous domestic and external obstacles. Still, the nation’s economy stayed durable as it continued with stable and sound advancement. In the face of a complex and unstable operating environment, the Group has actually adjusted its service to market modifications by sticking to the concept of “sound, constant and long-lasting operations” in order to protect its market position and pursue brand-new chances in addition to strive to secure the interests of its investors.
Throughout the evaluation duration, the Group tape-recorded income of RMB314,314,000 (6 months ended 30 June 2024: RMB580,361,000), representing a year-on-year reduction of 45.8%; high-end consuming devices organization taped earnings of RMB248,095,000 (6 months ended 30 June 2024: RMB352,339,000), representing a year-on-year reduction of 29.6%; product trading profits totaled up to RMB66,219,000 (6 months ended 30 June 2024: RMB228,022,000), representing a year-on-year decline of 71.0%. Throughout the duration under evaluation, the Group tape-recorded a revenue of RMB26,033,000 (6 months ended 30 June 2024: earnings of RMB499,000), representing a year-on-year boost of 5,117.0%. Earnings attributable to equity investors totaled up to RMB26,308,000 (6 months ended 30 June 2024: loss of RMB2,504,000), representing a year-on-year boost of 1,150.6%. The revenue was primarily attributable to forex gains sustained by the running systems as an outcome of currency exchange rate variations.
Throughout the duration under evaluation, in view of unpredictabilities in the global market and the downturn in domestic financial development, the Group’s high-end consuming devices organization continued to deal with pressure. The Group has actually taken different procedures to manage the complex operating environment, and continued to widen its organization designs, obtain brand-new clients and establish brand-new items through ingenious methods. At the very same time, the Group has actually boosted its technological development abilities, accelerated its mechanization, and standardized and enhanced its details and automation management. All these procedures have actually yielded reliable outcomes and enhanced our capability to manage threats. Throughout the duration under evaluation, the sales efficiency and earnings of the high-end consuming devices organization both tape-recorded year-on-year reductions due to the effect of the operating environment.
In regards to worldwide trading, throughout the duration under evaluation, the Group continued to perform the worldwide product trading company in line with its recognized technique. Business primarily covers the importation of iron ore, thermal coal and coking coal to Mainland China. International need for iron ore grew at a slower speed and costs compromised due to moistening financial potential customers as an outcome of trade frictions. Affected by changing decrease in prices of ore sand and damaged client buying objectives, the sales and gross earnings of the worldwide product trading company reduced as compared to the very same duration in 2015 however still kept success. The Group prepared to develop a bulk freight transshipment logistics park in Mexico incorporating custom-mades clearance, import, transport and warehousing, and has actually started cooperations with and supplied services to several massive business and noted business in China. In the 2nd half of the year, the Group will continue to keep up with market characteristics, without delay and wisely perform global product trading activities and check out brand-new revenue designs and future advancement instructions, in order to lay a strong structure for the Group’s sustainable advancement.
In regards to worldwide shipping, throughout the duration under evaluation, the Group’s global shipping company primarily concentrated on the worldwide maritime transport of dry bulk freight, such as coal, iron ore, manganese ore, bauxite, grain and commercial salt. Our customers consists of worldwide distinguished mining business and big main state-owned business and noted business in China. Throughout the duration under evaluation, the worldwide dry bulk shipping market was unstable, which impacted the freight rates. The Group carefully kept track of the marketplace conditions, continued to broaden its organization by establishing brand-new consumers and signing long trip transport agreements with its consumers to secure long-lasting earnings for the Company. In the very first half of the year, impacted by market variations, both the income and revenue of the Group’s shipping organization taped a decrease.
At present, the worldwide political and financial environment is experiencing increased turbulence, with trade barriers and trade frictions getting worse. Facing this extreme external environment, the economy of Mainland China is likewise experiencing problems and difficulties, consisting of inadequate need, slow usage waiting for stimulation, and continuous structural modifications. The economy of Mainland China has a steady structure, strong durability and terrific prospective, and the long-lasting favorable advancement trajectory stays the same. With the execution and improvement of different policies and procedures by the Chinese federal government, we preserve complete self-confidence in the long-lasting sustainable financial development of Mainland China.
In the 2nd half of the year, the Group will comply with the concept of “sound, constant, and long-lasting operations”, and will take advantage of the steady service environment in Mainland China that “pursues stability while looking for development” to keep up with the marketplace pattern and more advance the development of global trade organization wisely and progressively. Furthermore, the Group will constantly broaden the shipping service, which is carefully associated to worldwide trade, and make every effort to end up being a crucial individual in the global shipping supply chain, so regarding offer assistance for the advancements in business advancement.
The Group will likewise adjust to altering market needs and constantly improve its integrated service abilities in business area for both Mainland China and global markets. We will change the production of high-end devices for distinguished watches while promoting a restricted variety of varied organization activities and broadening high-end consuming devices producing to other high-end way of life items, such as jewellery, spectacles, cosmetics, smart phones and other 3C items. Furthermore, we will broaden our industrial area beautification services to living area beautification services, hence ending up being an essential and independent sector in the environmental chain of high-end consuming devices.
