Xinxiang Chemical Fiber's net profit expected to reduce by 53-63% YOY in H1 2025

Xinxiang Chemical Fiber disclosed its 2025 semi-annual performance forecast, showing that the net profit attributable to shareholders of listed companies in the first half of the year was 56-71 million yuan, a year-on-year decrease of 53%-63%. During the reporting period, the company's expected year-on-year decline in net profit was mainly affected by the profit pressure on the biomass cellulose filament and spandex fiber businesses. Among them, the year-on-year increase in the price of raw materials for biomass cellulose filament pushed up the unit cost, leading to a year-on-year decrease in its gross profit margin and gross profit. For spandex products, the decline in selling prices was more significant than that in costs, squeezing the gross profit margin and correspondingly reducing the contribution to overall performance.