XJ ELECTRICS (02619) issues profit warning. It is expected that the net profit for 2025 will be approximately 50-53 million yuan, a decrease of about 62.3% to 64.4% year-on-year.

XJ Electrics (02619) announced that the Group is expected to achieve a net profit ranging from approximately RMB 50 million to RMB 53 million for the year ending December 31, 2025, representing a decrease of about 62.3% to 64.4% compared to the net profit of approximately RMB 1.40 billion for the year ended December 31, 2024. The decrease in net profit for the year ending December 31, 2025 is mainly due to the combined impact of the following factors: In 2025, with increased uncertainty in the global trade environment and the escalation of US tariff policies, overall demand for small household appliances in the traditional US market has weakened. According to data released by the General Administration of Customs of the People's Republic of China, the export value of Chinese household appliances in 2025 decreased by 3.3% year-on-year. As a result, the total revenue of the Group in 2025 has decreased; the overseas production bases that the company has built in Indonesia and Thailand started production in 2025, with production capacity still in the ramp-up stage. The incomplete local supply chain has led to an increase in comprehensive costs, affecting the net profit of the Group in 2025. In the long run, the mass production of overseas production bases will enhance supply chain stability and improve the Company's global capacity layout; Changes in product structure in 2025 have had a negative impact on the overall gross profit margin level; and affected by exchange rate fluctuations, the company recorded exchange losses in 2025, while in 2024 there were exchange gains, which had a certain negative impact on the current net profit.