Lifestyle household goods maker X.J. Electrics (HKG:2619) expects a net profit of between 50 million yuan and 53 million yuan for the year 2025, down 62% to 64% from 140.4 million yuan a year prior, according to a Friday Hong Kong bourse filing.

The firm attributed the forecast to lower revenue, higher integrated production costs resulting from the commencement of operation at production bases in Indonesia and Thailand, a negative impact on gross profit margin of changes in product mix, and a foreign exchange loss.