Financial Performance - The company expects a net profit in the range of -6 million to -3.35 million CNY for the fiscal year 2025, compared to a profit of 32.27 million CNY in the same period last year[4] - The net profit after deducting non-recurring gains and losses is projected to be between -7 million and -3.9 million CNY, down from 30.14 million CNY year-over-year[4] - The decline in performance is attributed to strategic pricing adjustments and capacity ramp-up in power magnetic components, leading to a significant drop in gross margin compared to the previous year[6] - The company has recognized an impairment provision of approximately 9.3 million CNY for assets showing signs of impairment, impacting the net profit for the year[6] Operational Developments - Increased investments in core customer development and key projects, along with rising expenses from the new Bay Area headquarters and subsidiaries in Shenzhen and Thailand, have contributed to higher period costs[6] - The company has secured important customer orders and successfully entered high-growth sectors such as AI server power supplies and energy storage, expanding its product application areas[7] - The Bay Area headquarters is set to enhance operational efficiency, while the Thai factory's capacity is expected to ramp up in an orderly manner, supporting future high-quality business development[7] Financial Reporting - The financial data presented is preliminary and unaudited, with the final figures to be confirmed in the 2025 annual report[8]
美信科技(301577) - 2026 Q4 - 年度业绩预告