Xixiangfeng Group (02473) Fa Ying Guang estimates that the profit due to shareholders in the medium term is about 16.5 million yuan to 18 million yuan

According to Zhitong Finance App News, Xibeng Group (02473) issued an announcement. Compared with the profit attributable to the Company's owners of approximately RMB 22.5 million for the six months ended June 30, 2025 (mid-2025), the Group expects to record profits attributable to the Company's owners between RMB 16.5 million and RMB 18 million in mid-2026.

The main reason for this decline in expectations is that due to industry factors, the Group's high-margin automobile retail and financing business revenue declined year-on-year in mid-2026, leading to a year-on-year decline in the Group's gross profit and period profit.

In mid-2026, domestic passenger car prices fluctuated greatly, demand for passenger car terminals weakened, and the demand structure changed greatly. According to data from the China Association of Automobile Manufacturers (CAAM), from January to June 2026, domestic sales of passenger cars in China were 8.288 million units, a year-on-year decrease of 24.3%.

In mid-2026, in the face of overall industry challenges, the company adopted an active marketing strategy.

Faced with structural changes in terminal demand models, the company promptly adjusted the procurement and sales ratio of new energy vehicles and strengthened inventory management measures, so that the company's automobile retail and financing business recorded a year-on-year decline in revenue in mid-2026 but superior to the industry level. Compared with the mid-term automobile retail and financing business sales revenue of about RMB 606.6 million in 2025, the Company's mid-term automobile retail and financing sales revenue is expected to be approximately RMB 527 million in 2026, a year-on-year decrease of approximately RMB 79.5 million, and a year-on-year decrease of 13.1%.

In mid-2026, China's passenger car exports grew rapidly. The company also strengthened its direct automobile retail business expansion in the direction of passenger car exports. Compared with the mid-year automobile direct retail business recorded revenue of about RMB 59 million in mid-2025, the company's direct automobile retail business is expected to record revenue of about RMB 96.5 million in mid-2026, an increase of about RMB 37.5 million, an increase of about RMB 37.5 million over the previous year, an increase of 63.7% over the previous year.

In summary, the Group will continue to focus on its main business, continuously improve operational efficiency and profit quality, and ensure that the company's financial situation is stable and good.