恒立液压(601100) - 2014 Q4 - 年度业绩预告

Financial Performance - The net profit attributable to shareholders for 2014 is expected to decrease by 50% to 60% compared to the previous year[2]. - The net profit for the previous year was 221.40 million yuan[2]. - The decline in performance is primarily due to the downturn in the domestic engineering machinery industry, leading to a decrease in sales and gross profit of excavator-specific hydraulic cylinders[2]. - The subsidiary Shanghai Lixin Hydraulic Co., Ltd. experienced significant losses due to a sharp decline in sales of hydraulic systems for the metallurgy industry[2]. - Jiangsu Hengli Hydraulic Co., Ltd., another subsidiary, is in the project construction phase, resulting in losses for 2014[2]. - Increased sales expenses were incurred as the company aimed to expand its domestic and international sales markets[2]. - The forecasted decline in net profit differs from the previous estimate of 55% to 70% due to a substantial increase in government subsidies received in the fourth quarter[3]. - The performance forecast has not been audited by registered accountants[2]. - The specific and accurate financial data will be disclosed in the formal 2014 annual report[3]. Investment Risks - Investors are advised to pay attention to investment risks[3].