Xinlei Corporation: It is expected that the net profit will increase by 396.60%-511.20% in 2025 compared to the previous year.

Xinlei Corporation announced that it is expected to have a net profit of 260 million to 320 million yuan in 2025, an increase of 396.60% to 511.20% compared to the same period last year. During the reporting period, the net profit attributable to the shareholders of the listed company rose significantly, mainly due to the income brought by the acquisition of land for the old factory site. On May 11, 2023, the company signed a "Land Use Rights Acquisition Contract" with the Management Committee of Wenling Industrial Park in Zhejiang Province, with a total acquisition and compensation amount of 561 million yuan included in the current period asset disposal income. The asset disposal income for this period reached approximately 488 million yuan, a significant increase from 9.3841 million yuan in the same period last year, which is considered as non-recurring gains and losses, directly driving a significant year-on-year increase in net profit.