XZCE(SZ:002534) Zhi Tong Cai Jing·2026-01-14 09:19Core Viewpoint - Xizi Clean Energy (002534.SZ) forecasts a net profit attributable to shareholders of 400 million to 439 million yuan for the fiscal year 2025, representing a year-on-year decline of 0.18% to 9.05% [1] Summary by Relevant Categories Performance Forecast - The company expects a net profit of 400 million to 439 million yuan for 2025, which is a slight decrease compared to the previous year [1] Reasons for Performance Change - The decrease in net profit is primarily due to a reduction in non-recurring gains, specifically from a one-time government compensation received by Hangzhou Hangguo Industrial Boiler Co., Ltd., which is lower than the one-time gain from the sale of shares in Zhejiang Kesheng Technology Co., Ltd. in 2024 [1] - The company has improved the quality control of sales orders, leading to an increase in the gross profit margin of its main business for 2025 compared to the previous year [1] - Enhanced management of accounts receivable and inventory has resulted in a decrease in total working capital, significantly improving net cash inflow from operating activities. The provisions for expected credit losses and asset impairment losses have decreased compared to the previous year, leading to a substantial increase in net profit attributable to shareholders after excluding non-recurring gains [1] - The completion of the conversion of convertible bonds has increased the weighted average number of shares for the year, resulting in a slight decrease in basic earnings per share compared to the previous year [1]