Revenue Projections - The company's projected revenue for 2025 is between CNY 1,060 million and CNY 1,080 million, representing a year-on-year growth of 23.63% to 25.96% compared to CNY 857.38 million in the previous year[4]. - The sales revenue from domestic and international semiconductor equipment manufacturers is expected to continue growing in 2025 compared to the same period in 2024[6]. Profit Expectations - The net profit attributable to shareholders is expected to be between CNY 286.1 million and CNY 335.85 million, showing a change of -8.00% to 8.00% compared to CNY 310.97 million in the previous year[4]. - The net profit after deducting non-recurring gains and losses is projected to be between CNY 284.6 million and CNY 334.35 million, reflecting a change of -6.92% to 9.35% compared to CNY 305.75 million in the previous year[4]. Revenue Drivers - The increase in revenue is primarily driven by the mass production and delivery of the core product, the "functional-structural" modular product, and the recovery of the global semiconductor equipment market[6]. Gross Margin Outlook - The overall gross margin is expected to decline in 2025 due to a shift in revenue structure, with higher growth in lower-margin ceramic structural components compared to modular products[6]. R&D Investments - The company plans to increase R&D investment in 2025, including the acquisition of Suzhou Kaixin Semiconductor Technology Co., Ltd., to enhance its R&D capabilities[7]. - The company has initiated multiple new R&D projects and expanded its R&D team to align with strategic development needs[7]. Financial Data and Compliance - The financial data provided is preliminary and subject to final confirmation in the official 2025 annual report[8]. - The company emphasizes compliance with legal regulations for timely information disclosure to mitigate investment risks[8].
珂玛科技(301611) - 2025 Q4 - 年度业绩预告