---
title: "XINGYE TECH.: Expected net profit in 2025 to decline by 15.28%-30.81% year-on-year"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/274270308.md"
description: "XINGYE TECH. expects a net profit of 98 million to 120 million yuan in 2025, a year-on-year decrease of 15.28%-30.81%. The main reason is that the recovery of footwear and apparel consumption is below expectations, and the selling price of leather products for shoes and bags has decreased, leading to a decline in gross profit margin. Nevertheless, the automotive interior leather business maintains revenue growth due to new customers and popular models, with stable gross profit margin and net profit margin"
datetime: "2026-01-30T08:08:11.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/274270308.md)
  - [en](https://longbridge.com/en/news/274270308.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/274270308.md)
---

> Supported Languages: [简体中文](https://longbridge.com/zh-CN/news/274270308.md) | [繁體中文](https://longbridge.com/zh-HK/news/274270308.md)


# XINGYE TECH.: Expected net profit in 2025 to decline by 15.28%-30.81% year-on-year

XINGYE TECH. announced that it expects a net profit of RMB 98 million to RMB 120 million for the fiscal year 2025, a year-on-year decrease of 15.28% to 30.81%. The main reason for the decline in the company's net profit attributable to shareholders in 2025 is that the recovery of footwear and apparel consumption is not as expected, and the selling price of leather products for shoes and bags has decreased year-on-year, leading to a decline in the gross profit margin and a reduction in profitability for this business. In 2025, the automotive interior leather business will maintain revenue growth by leveraging new customer acquisitions and the hot sales of designated models, while internal management upgrades will drive cost reduction and efficiency improvement, keeping both the gross profit margin and net profit margin of the automotive interior leather business stable

### Related Stocks

- [XINGYE TECH. (002674.CN)](https://longbridge.com/en/quote/002674.CN.md)

## Related News & Research

- [Dinosaur collagen used to create one-of-a-kind handbag](https://longbridge.com/en/news/281562253.md)
- [BSF Enterprise Debuts World’s First Lab-Grown T-Rex Leather Handbag](https://longbridge.com/en/news/281475375.md)
- [Clean Max Fully Prepays ₹499-Crore Listed Debentures Ahead of Schedule](https://longbridge.com/en/news/281580900.md)
- [08:09 ETKike Hernández Switches to Grip Boost's Batting Glove Technology for the Strongest Grip in Baseball](https://longbridge.com/en/news/281183862.md)
- [US Interior Department says to reduce staff through deferred resignation, early retirement](https://longbridge.com/en/news/281576863.md)