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Meixin Technology's revenue reached 8.85 billion yuan in 2025, increasing by 6.29% year-on-year, while foreign exchange losses and tariff increases drove up costs, causing net profit to decline by 47.75%.
The company reported revenue of 885 million yuan (+6.29%) for 2025, but net profit attributable to shareholders declined by 47.75% year-over-year to 30.58 million yuan. Non-recurring net profit fell by 57.52%, mainly due to foreign exchange losses of 17.92 million yuan, increased U.S. tariff costs, and strategic losses of approximately 12 million yuan at the Thailand and Jian'ou plants. Gross margin and net margin decreased to 30.59% and 3.45%, respectively, with sales expenses growing significantly (+18.73%) compared to revenue growth. Overseas revenue accounted for 96.60% of total revenue, highlighting a highly export-oriented structure that amplifies macroeconomic risk exposure.
Meixin Technology: First Quarter Report for 2026
Mei Xin Technology: 2025 Annual Report
Meixin Technology: Summary of the 2025 Annual Report
Express News | Stock Market Risk Warning on November 27
Express News | Meixin Technology: Shareholder Cuan plans to reduce holdings by no more than 3.57% of shares.