X.J. Electrics (Hu Bei) expects FY2025 net profit of RMB50-53 million, down 62-64% from RMB140.43 million in FY2024. The company cited weaker demand in its traditional U.S. small home appliance market amid U.S. tariff escalation, alongside a 3.3% YoY decline to RMB688.85 billion in China’s 2025 household electrical appliance export value. It also attributed the profit drop to higher integrated production costs during the 2025 ramp-up of its Indonesia and Thailand production bases and a less favorable product mix. The company said it moved from a foreign exchange gain in 2024 to a foreign exchange loss in 2025.
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