Ming Xin Xuteng: The net profit is expected to be negative in 2025.

Mingxin Xuteng announcement: It is expected that the net profit attributable to the owners of the parent company will be a loss of 130 million to 900 million yuan in the annual period of 2025, and the net profit after deducting non-recurring gains and losses attributable to the owners of the parent company will be a loss of 155 million to 115 million yuan. Due to the continuous intensification of price competition in the automobile industry, combined with excess pressure from annual declines and changes in product structure, the company's main business gross profit margin continues to decline, narrowing the profit margin of products. In addition, the company's depreciation and amortization increased due to the conversion of construction in progress in the previous period, further compressing the profit margin.