{"id":977334,"date":"2026-06-30T16:10:56","date_gmt":"2026-06-30T20:10:56","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/texxon-holding-limited-announces-unaudited-financial-results-for-the-first-half-of-fiscal-year-2026\/"},"modified":"2026-06-30T16:10:56","modified_gmt":"2026-06-30T20:10:56","slug":"texxon-holding-limited-announces-unaudited-financial-results-for-the-first-half-of-fiscal-year-2026","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/texxon-holding-limited-announces-unaudited-financial-results-for-the-first-half-of-fiscal-year-2026\/","title":{"rendered":"Texxon Holding Limited Announces Unaudited Financial Results for the First Half of Fiscal Year 2026"},"content":{"rendered":"
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PR Newswire<\/p>\n<\/p><\/div>\n

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\n SHANGHAI<\/span>, June 30, 2026<\/span> \/PRNewswire\/ — Texxon Holding Limited (Nasdaq:\u00a0NPT) (“Texxon”, together with its subsidiaries, the “Company” or “we”), a leading provider of supply chain management services in the plastics and chemical industries in East China, today announced its unaudited financial results for the six months ended\u00a0December 31, 2025, the first half of the fiscal year ended June 30, 2026.<\/p>\n

Mr.\u00a0Hui Xu, Chief Executive Officer and Chairman of Texxon, commented: “During the first half of fiscal year 2026, the chemical industry continued to face a challenging market environment characterized by softer demand in certain product categories, heightened competition, and volatility in upstream raw material costs. In particular, higher international crude oil prices increased the costs of key feedstocks and affected customer purchasing behavior, which contributed to lower sales volumes in our basic chemicals segment during the period. In addition, competitive pricing conditions across both the plastic particles and basic chemicals markets continued to place pressure on profitability.<\/p>\n

“Despite these headwinds, our plastic particles business achieved strong revenue growth of 40.1% year over year. This growth was driven by our continued marketing and sales efforts to meet evolving market demand. As part of our market expansion strategy, we expanded our sales teams across multiple cities in China, enhancing our market penetration, broadening our customer base, and expanding our sales channels. These initiatives enabled us to capture additional market share, contributing meaningfully to our business development during the period and supporting our ongoing portfolio rebalancing strategy for sustainable long-term growth.<\/p>\n

“While our gross profit and gross profit margin were affected by the competitive pricing environment, we remain committed to strengthening relationships with key customers and supporting long-term business growth through disciplined execution and customer-focused solutions. In addition, our prior-year results benefited from a one-time government grant of approximately $2.9 million related to the construction of the Henan Polystyrene Factory, which did not recur during the current period. Excluding this one-time item, we remain confident in our ability to expand our customer base, strengthen our market position and execute our long-term growth strategy as we navigate the current challenges.<\/p>\n

“Looking ahead, we will continue to focus on expanding our customer network, improving operational efficiency, and advancing the development of the Henan Polystyrene Factory. Having commenced production in early June 2026, the facility is expected to further strengthen our capabilities across the plastics value chain and support our long-term growth strategy.”<\/p>\n

\n First Half of Fiscal Year 2026 Financial<\/b>\u00a0Summary<\/b><\/p>\n