Changes in Hong Kong stocks | Xixiangfeng Group (02473) fell by more than 3%. The profit attributable to shareholders in the interim is expected to be at least 16.5 million yuan, and the revenue from the automobile retail and financing business declined year-on-year

The Zhitong Finance App learned that Xixiangfeng Group (02473) fell by more than 3%. As of press release, it had a decrease of 3.33% to HK$0.435, with a turnover of HK$13.4613 million.

According to the news, recently, Xibeng Group issued an announcement. Compared with the profit attributable to the Company's owners of about 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. According to the announcement, 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.

Among them, in the face of 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 approximately RMB 606.6 million in 2025, the Company's mid-term automobile retail and financing sales revenue in 2026 is expected to be approximately RMB 527 million, a year-on-year decrease of approximately RMB 79.5 million, or 13.1% year-on-year.