On the evening of January 14, 2026, Xizi Clean Energy Equipment Manufacturing Co., Ltd. (hereinafter referred to as "Xizi Clean Energy") released its 2025 Annual Performance Forecast. The forecast covers the period from January 1 to December 31, 2025.

Data shows the company’s expected net profit attributable to listed company shareholders for the year ranges from 400 million yuan to 439 million yuan. This represents a year-on-year decrease of 0.18% to 9.05%, compared with 439.7876 million yuan in the same period last year.

However, the net profit after deducting non-recurring gains and losses is projected at 220 million yuan to 280 million yuan. This marks a substantial year-on-year increase of 53.3% to 95.11%, up from 143.5058 million yuan in the prior year.

The announcement explained the factors driving the performance changes:

Non-recurring Gains and Losses: In 2025, the company’s non-recurring gains and losses mainly came from the net proceeds of one-off government relocation compensation. Hangzhou Hangguo Industrial Boiler Co., Ltd. received this compensation. The amount was lower than the one-off gains from transferring equity in Zhejiang Kesheng Technology Co., Ltd. in 2024.

Core Operations: The company strengthened quality control over sales orders. This led to a continuous increase in the gross profit margin of its main business compared with the same period last year.

Furthermore, the company enhanced the management of accounts receivable and inventory. This reduced the total occupation of working capital and significantly improved net cash inflow from operating activities.

In addition, the company’s provision for expected credit losses and asset impairment losses decreased year-on-year. These factors together drove the substantial growth in net profit after deducting non-recurring gains and losses.

Xizi Clean Energy mainly engages in consulting, R&D, production, sales, installation and general contracting of products. These products include waste heat boilers and clean energy power generation equipment.

The company provides customers with energy-saving and environmental protection equipment, as well as comprehensive energy utilization solutions.

It is China’s largest and most comprehensive research, development and manufacturing base for waste heat boilers. It also holds the titles of National Enterprise Technology Center and National High-tech Enterprise. Its product design, manufacturing processes and market share all rank among the top in the industry.

In the new energy sector, Xizi Clean Energy’s main businesses include zero-carbon factories, electrochemical energy storage, hydrogen fuel cells and molten salt energy storage.