According to the Zhitong Finance App, Lexin Outdoor (02720) announced that the net profit attributable to shareholders is estimated to be approximately RMB 22.5 million to RMB 23.3 million for the six months ending June 30, 2026. Compared with the net profit attributable to shareholders of about RMB 40.3 million for the same period in 2025, the decrease is between about 42.2% and 44.2%.
According to currently available information, the company's net profit attributable to shareholders is expected to decline during the reporting period, mainly due to the following factors: (i) In the first half of 2026, under the influence of multiple factors such as increased uncertainty in the global political environment and the escalation of geographical conflicts in many countries such as Europe and the Middle East, the global inflation rate rebounded significantly, affecting consumers' ability to buy. Combined with the increase in transportation costs and time, the order cycle for original equipment manufacturer (OEM) customers is lengthening. Europe, in particular, is the Group's largest source of revenue. Consumer confidence weakened significantly from February 2026, bottomed out in April, and only reached the same period in 2025 in July. As a result, the Group's total revenue declined in the first half of 2026;
(ii) Affected by exchange rate fluctuations, the Company experienced exchange losses in the first half of 2026, while the same period in 2025 was an exchange gain, which had a negative impact on current net profit;
(iii) The price of core raw materials increased in stages during the reporting period. For example, the price of aluminum on the London Metal Exchange (LME) rose by more than 20% year on year, which directly boosted the production cost per product unit and further reduced the gross profit margin. However, thanks to the growth of the original brand manufacturer (OBM) business and changes in product structure, the Group's gross margin was basically the same as in the same period last year;
Also (iv) Combined with the Company's continued investment in OEM business promotion and OBM competitiveness building, it further increased sales and management expenses, which had a negative impact on the overall net profit level.