Xinbao Electrical Appliances Holdings stated during an institutional research that the company's export order cycle is relatively short. Based on the currently visible orders, the export business in the second quarter is affected by the increased tariffs imposed by the United States, causing American customers to delay orders for domestic shipments. The second phase of mass production at the Indonesian manufacturing base is still ramping up. Considering the growth of export orders in the first quarter, it is expected that the export business will remain stable in the first half of 2025