HK Stock Market Move | XXF (02473) fell over 3%, expecting a mid-term profit attributable to shareholders of at least approximately 16.5 million yuan. Revenue from automotive retail and financing businesses decreased year-on-year.

XXF (02473) fell over 3%, as of the time of writing, it dropped 3.33%, trading at HKD 0.435, with a transaction volume of HKD 13.4613 million. In terms of news, recently, XXF announced that compared to an estimated profit attributable to the Company's shareholders of approximately RMB 22.5 million for the six months ending June 30, 2025 (2025 interim), the Group expects to record an attributable profit to the Company's shareholders of approximately RMB 16.5 million to RMB 18 million for the 2026 interim. The announcement stated that the primary reason for this expected decline is due to industry factors, as the Group's revenue from its higher-margin automotive retail and financing business is projected to decrease year-on-year for the 2026 interim, leading to a year-on-year decline in both gross profit and profit for the period. In response to the structural change in terminal demand vehicle models, the Company has timely adjusted the procurement and sales ratio for new energy vehicles and strengthened inventory management, among other measures, ensuring that while the revenue from the Company's automotive retail and financing business is expected to decline year-on-year for the 2026 interim, it still outperforms industry levels. Compared to the revenue of approximately RMB 606.6 million from the automotive retail and financing business for the 2025 interim, the Company anticipates that the revenue for the 2026 interim will be approximately RMB 527 million, reflecting a decrease of about RMB 79.5 million, or a year-on-year decline of 13.1%.