Zhitong Financial APP News, Xiang Xing International (01732) released its annual results for the year ended December 31, 2021. The group earned 289 million yuan (the same unit below), an increase of 45.97% over the same period last year. The profit attributable to the company's equity shareholders was 10.655 million yuan, down 26.04% from the same period last year. Earnings per share are 1.07cents.

The announcement said that the decrease in profit was mainly due to an increase in impairment losses on accounts receivable, which largely offset the increase in operating income from intra-harbor transport and handling services in Fujian Province and building materials supply chain in Sichuan Province.