Xinbao Corporation: It is expected that the export business will remain stable in the first half of 2025.

Xinbao Corporation stated in institutional research that the company's export order cycle is relatively short. From the current visible orders, exports in the second quarter are affected by the imposition of additional tariffs by the United States. Orders from American customers for domestic shipments have been temporarily postponed. The production of the second phase of the Indonesian manufacturing base is still in the ramp-up phase. Considering the growth of export orders in the first quarter, it is expected that the export business will remain stable in the first half of 2025.