LEXY Nine-Month Revenue Edges Up while Profit Declines

LEXY Electric reported first-nine-month revenue of CNY 7.313 billion on October 29, 2025, an increase of 0.92% from a year earlier. Its third-quarter filing showed attributable net profit declining 29.32% to CNY 621.10 million despite the modest sales growth.

For July–September alone, revenue rose 1.43% to CNY 2.532 billion. Quarterly attributable profit fell 29.99% to CNY 193.41 million. Profit excluding non-recurring items dropped more sharply, declining 39.08% in the quarter and 32.88% across the first nine months.

The company attributed the pressure on earnings to the effects of U.S. tariff changes, temporary cost increases associated with moving production overseas, and weaker foreign-exchange results. Those explanations distinguish changes in manufacturing economics from the relatively stable headline revenue performance.

Operating cash flow for January–September was CNY 592.98 million, down 37.90%, which LEXY linked to increased payments for goods and employee compensation. The filing was unaudited and covered the listed group's consolidated operations. For industry readers following contract manufacturing, the update documents how production relocation and trade conditions were affecting profitability during 2025, without assigning the result to any one customer or product line.