Xianlong Technology Reports Strong Financial Growth and Expands into New Energy Sectors

Xinao Certification – Xuanxin Technology Co., Ltd. – 300693 – Power + Electric Vehicle Business Stability, AIDC Brings New Growth – 250501

As of May 9, 2025, 21:47, Xinao Certification reported that its total revenue reached 30.36 billion yuan, marking a year-on-year increase of 14.5%. The net profit attributable to shareholders was 4.29 billion yuan, up 6.5% year-on-year. The net profit attributable to the parent company was 4.17 billion yuan, with a year-on-year growth of 9.5%.

In the fourth quarter, Xinao’s revenue was 9.41 billion yuan, a 2.5% increase year-on-year and a 41.7% increase compared to the previous quarter. The net profit attributable to shareholders for this quarter was 1.58 billion yuan, representing a year-on-year increase of 22.1% and a quarter-on-quarter increase of 77.8%. The net profit attributable to the parent company was 1.57 billion yuan28.9% and a quarter-on-quarter increase of 82.2%.

For the first quarter of 2025, Xinao reported a revenue of 6.04 billion yuan, indicating a year-on-year increase of 0.9% but a quarter-on-quarter decline of 35.8%. The net profit attributable to shareholders was 0.73 billion yuan, which represents a year-on-year increase of 9.9% but a quarter-on-quarter decline of 54.0%. The net profit attributable to the parent company was 0.68 billion yuan, showing a year-on-year increase of 14.3% but a quarter-on-quarter decline of 56.5%.

Xinao’s operating expenses are well-managed, with the proportion of expenses decreasing slightly. In 2024, the proportion of operating expenses to total revenue was 39.2% for sales and 14.0% for administrative expenses, down 1.8 percentage points and 1.2 percentage points respectively compared to the previous year. In the first quarter of 2025, the proportions were 39.6% for sales expenses and 11.8% for administrative expenses, with minor fluctuations of 0.1 percentage points and 0.8 percentage points respectively.

In terms of expenses, for 2024, the breakdown for operating, management, research and development, and financial expenses was 12.0%, 3.7%, 8.5%, and 0.1% respectively. Comparatively, these figures show slight changes of -0.5 percentage points, 0.2 percentage points, -0.2 percentage points, and 0.5 percentage points from the previous year.

Xinao is focused on deepening product reserves and enhancing development capabilities. In 2024, Xinao’s new energy technology is expected to generate revenue of 8.6 billion yuan, a 6% decrease year on year. The company’s PCS products are aimed at the business sector, and in areas with limited power supply, Xinao has established a comprehensive energy management system to reduce operational costs.

The company has completed the certification for its energy storage products, which range from 30 kW to 1000 kW. These products have passed the third-party certification authority, and the 50-250 kW series is compliant with relevant regulations including UL, CPUC, and HECO.

In 2024, Xinao’s electric vehicle sector is projected to generate revenue of 12.2 billion yuan, reflecting a year-on-year growth of 43%. The company plans to launch 1.2/1.44 MW ultra-fast charging stations, with the highest output reaching 1.44 MW.

Xinao has already entered the European electric vehicle market and has successfully launched various models, including collaborations with major international companies. Furthermore, the company has received certifications for its products in the American market, allowing it to expand its presence there.

Looking ahead, projections indicate that EPS will be 1.61 yuan, 2.43 yuan, and 2.9 yuan for 2025-2027, while PE ratios are expected to be 18, 12, and 10 respectively. Xinao is recognized as a leading energy storage and electric vehicle company, with strong potential for growth in international markets.

For further updates and details, please refer to the relevant sections in our financial reports and notices within the Xinao financial app.