X.J. Electrics Warns of Up to 64% Lower Profit in 2025

MT Newswires Live
Mar 13

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.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10