According to the Zhitong Finance App, Xinyuan Enterprise Group (01748) announced the results for the year ended December 31, 2024. The group achieved revenue of US$61.59 million, an increase of 4.4% year on year; annual profit of US$145.56 million, up 71.31% year on year; profit per share of 3.31 cents.

The increase in profit in the year under review was mainly due to non-recurring revenue of about US$3.6 million from the sale of the last cape-type ship in March 2024, increased gross profit, and reduced financing costs.

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