Xingli Group (00114.HK) announced that net profit for the half year to the end of September should be between $25 million and $30 million, while net profit was reported at $8.2 million for the same period last year.

The Company noted that the net income of the change mainly from the traded securities was approximately $10 million, compared with a loss of $4.8 million in the same period last year. The company said that its results for the second half of the fiscal year were mainly due to uncertainty and pressure from the ongoing geopolitical tensions and increased price competition in the industry.