XXF Group (2473) investor relations material

Executive summary

• Revenue rose 27.2% year-over-year to RMB1,862.5 million, with gross profit up 9.3% to RMB479.1 million and net profit up 15.3% to RMB45.8 million for the year ended 31 December 2025.

• Outright car sales and automobile export business surged, with export revenue up 571.5% and domestic outright sales up 252.3% year-over-year.

• The company expanded its self-operated sales outlets from 89 to 112, focusing on lower-tier cities and enhancing its after-sales service network to over 7,000 outlets.

• Technological initiatives included doubling digital employees, deploying AI-driven risk management, and launching integrated IT solutions.

• No final dividend was declared for 2025.

Financial highlights

• Adjusted net profit (non-IFRS) increased 3.5% to RMB49.7 million, mainly due to higher sales revenue.

• Gross profit margin declined to 25.7% from 29.9% due to the rapid growth of lower-margin outright car sales.

• Selling and marketing expenses rose 12.9% to RMB123.9 million; administrative expenses were stable at RMB123.1 million.

• Finance costs increased 7.6% to RMB170.9 million, reflecting higher borrowing activity.

• Earnings per share were 2.96 RMB cents basic and 2.80 RMB cents diluted.

Outlook and guidance

• Plans to deepen domestic market penetration in lower-tier cities and further expand the self-operated sales network.

• Continued focus on overseas expansion, especially in Central Asia, Southeast Asia, and the Middle East.

• Ongoing investment in technology-driven operations, digital employees, and smart mobility initiatives.