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Xinbao Co., Ltd.: Net profit of 1.002 billion yuan in 2025, down 4.85% year-on-year
Xinbao Co., Ltd. released its quarterly earnings report, with total operating revenue of 16.192 billion yuan in 2025, a decrease of 3.74% year-on-year. Net profit was 1.002 billion yuan, down 4.85% year-on-year. In 2025, due to the complex and volatile global macro environment and disruptions caused by U.S. tariff policies, the overall demand in the traditional European and American small home appliance markets weakened. According to customs statistics, China’s exports of household appliances (in RMB) decreased by 3.3% year-on-year in 2025. Meanwhile, competition in the domestic small home appliance market intensified, and influenced by macroeconomic factors, consumer demand became more rational. Overall, the company’s revenue declined in 2025.