Industrial Securities: Lowering company product prices combined with rising raw material prices have led to a year-on-year decline in gross profit margin.

On the evening of May 14, Xingye Corporation released an announcement regarding the holding of the 2024 annual performance briefing. The company stated that the domestic and international economic environment is complex and that while the average price of the company's products has been lowered, the average procurement prices of upstream raw materials have been increasing overall, leading to a year-on-year decrease in gross profit margin. In 2024, the company achieved a total operating revenue of 1.484 billion yuan, a year-on-year decrease of 1.09%; the net profit attributable to the parent company was 40.5186 million yuan, a year-on-year decrease of 46.65%.