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Xin Yuan FY24 profit rises 71.8% to US$14.56 million; revenue climbs 4.4% to US$61.51 million
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Xin Yuan FY24 profit rises 71.8% to US$14.56 million; revenue climbs 4.4% to US$61.51 million
  • Xin Yuan Enterprises posted profit of US$14.56 million, up 71.8%, on revenue of US$61.51 million, up 4.4%.
  • Earnings per share rose to 3.31 cents; operating profit climbed to US$18.55 million.
  • Finance costs fell to US$4 million; other income increased to US$4.75 million on a US$3.64 million gain from a vessel disposal.
  • Net assets increased to US$138.92 million; borrowings plus lease liabilities declined to about US$39.2 million.
  • Fleet ended 2024 with 10 vessels; two 9,550-dwt chemical/asphalt tankers ordered for about US$42 million, due in Q4 2026.


Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Xin Yuan Enterprises Group Ltd. published the original content used to generate this news brief via IIS, the regulatory disclosure system operated by the Hong Kong Stock Exchange (HKex) (Ref. ID: HKEX-EPS-20260813-12283715), on August 13, 2026, and is solely responsible for the information contained therein.

Disclaimer:This article represents the opinion of the author only. It does not represent the opinion of Webull, nor should it be viewed as an indication that Webull either agrees with or confirms the truthfulness or accuracy of the information. It should not be considered as investment advice from Webull or anyone else, nor should it be used as the basis of any investment decision.
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