移为通信(300590) - 2025 Q3 - 季度业绩预告

Performance Forecast Overview The company forecasts a significant year-over-year decline in net profit for the first three quarters of 2025 due to various operational factors Performance Forecast Period The company has disclosed its performance forecast for the first three quarters of 2025, covering January 1 to September 30 - The performance forecast period is from January 1, 2025, to September 30, 2025[3] Performance Forecast Status The company expects a year-over-year decline in net profit attributable to shareholders and net profit after non-recurring items for the first three quarters of 2025 2025 First Three Quarters Performance Forecast (Unit: CNY 10,000) | Item | Current Reporting Period (Estimated) | Same Period Last Year | Year-over-Year Decline | | :--- | :--- | :--- | :--- | | Net Profit Attributable to Shareholders of Listed Company | 6,027.47 - 6,697.19 | 13,394.38 | 50.00% - 55.00% | | Net Profit After Deducting Non-Recurring Gains and Losses | 4,942.53 - 5,560.35 | 12,356.33 | 55.00% - 60.00% | Analysis of Performance Changes The performance decline is attributed to macroeconomic headwinds, increased operational expenses, and market fluctuations, despite strategic initiatives showing recovery Macroeconomic and Market Factors Global economic volatility, trade conflicts, and evolving customer demands led to a revenue decline in H1 2025, but Q3 revenue showed recovery due to new strategies and overseas capacity - Multiple factors, including global economic volatility, US tariffs, geopolitical conflicts, new product upgrades, and fluctuating customer demand, led to a year-over-year decrease in operating revenue in the first half of 2025[7] - The company's performance is recovering, with third-quarter operating revenue increasing year-over-year, driven by the implementation of new products, technologies, customers, and application scenarios, alongside the release of overseas production capacity[7] Expense Growth All expenses increased year-over-year due to higher R&D investment, product certification costs for new projects, and increased personnel and sales expansion costs - R&D investment and product certification expenses increased due to the advancement of new project development[7] - Personnel costs for marketing and R&D increased[7] - Increased sales expansion efforts led to higher expenses[7] Cost Structure and Gross Margin The company optimized its cost structure and improved operational efficiency through domestic substitution, process optimization, and technology upgrades, maintaining a gross margin above 40% - The company optimized its cost structure and improved operational efficiency through measures such as domestic substitution, production process optimization, and technological iteration upgrades[7] - During the reporting period, the company's overall gross margin remained at a high level of over 40%[7] Product and Market Expansion The company successfully expanded into new areas, with "new national standard" two-wheeler products shipping in Q4 and increased sales in video telematics, industrial routers, and animal traceability products - Two-wheeler products compliant with the "new national standard" began shipping in the fourth quarter, with the new standard implemented on September 1 and a sales transition period from September to November[8] - Sales of video telematics, industrial routers, and animal traceability products all increased year-over-year, indicating successful expansion into emerging fields[8] AI Trendy Toy Incubation The company's subsidiary is incubating AI trendy toy products with self-developed AI core engines, supporting multiple communication standards and active interaction, with small-batch shipment testing expected soon - The AI trendy toy products incubated by the subsidiary integrate a self-developed AI intelligent agent core engine, supporting multiple communication standards such as 4G, Wi-Fi, BLE, and SparkLink SLE, and offering active interaction[8] - Testing and certification for small-batch shipments of AI trendy toy products are expected to commence soon[8] Impact of Non-Recurring Gains and Losses Non-recurring gains and losses are estimated to impact the company's net profit by approximately CNY 9 million during the reporting period - The estimated impact of non-recurring gains and losses on the company's net profit is approximately CNY 9 million[8] Important Notice and Disclaimer This section provides crucial disclaimers regarding the unaudited nature of the financial data and advises investors to exercise caution Communication with Accounting Firm The financial data in this performance forecast is unaudited by a certified public accountant, and investors are advised to be aware of investment risks - The financial data related to this performance forecast has not been audited by a certified public accountant[6] - Investors are kindly requested to pay attention to investment risks[6] Other Relevant Explanations This performance forecast is a preliminary estimate by the company's finance department, unaudited, with detailed financial data to be disclosed in the Q3 2025 report, urging investors to make cautious decisions - This performance forecast is a preliminary estimate by the company's finance department and has not been audited by an accounting firm[9] - Specific financial data will be detailed in the company's "2025 Third Quarter Report"[9] - Investors are kindly requested to make cautious decisions and be aware of investment risks[9] Reference Documents The company provides the board of directors' explanation regarding the 2025 first three quarters performance forecast as a reference document - The reference document is the Board of Directors' explanation regarding the 2025 first three quarters performance forecast[10]