---
title: "XY ELEC STORAGE issues profit warning, expecting a significant decrease in net profit of 60% to 80% year-on-year for the first half of the year"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/249951460.md"
description: "XY ELEC STORAGE issued a profit warning, expecting that net profit in the first half of 2025 will decrease significantly by 60% to 80% year-on-year, with net profit expected to drop to approximately HKD 4.92 million. The reasons for the decrease include lower selling prices in the Chinese market and a reduction in installation volume in the Canadian market, leading to a decline in revenue and gross profit related to photovoltaic power stations. In addition, the oversupply of photovoltaic film products has led to lower selling prices, affecting revenue and gross profit. The company has adopted a more cautious sales strategy, strictly controlling the scale of orders"
datetime: "2025-07-24T11:41:02.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/249951460.md)
  - [en](https://longbridge.com/en/news/249951460.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/249951460.md)
---

# XY ELEC STORAGE issues profit warning, expecting a significant decrease in net profit of 60% to 80% year-on-year for the first half of the year

According to the Zhitong Finance APP, XY ELEC STORAGE (08328) announced that the company's attributable unaudited consolidated profit (net profit) for the first half of 2025 is expected to decrease significantly by 60% to 80% compared to the net profit of HKD 12.3 million in the same period last year.

The expected decrease is mainly due to the following factors: (1) The average selling price in the mainland China market has decreased, and the installation volume in the Canadian market has reduced after the Canadian federal government suspended subsidy applications nationwide, leading to a decrease in revenue and gross profit from engineering, procurement, and construction services for photovoltaic power stations; and (2) Mainly due to an oversupply of photovoltaic film products in the market, the average selling price has correspondingly decreased, resulting in a reduction in revenue and gross profit from photovoltaic films. Therefore, the group has implemented a more prudent sales strategy and strictly controlled the scale of orders

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