雄塑科技(300599) - 2025 Q4 - 年度业绩预告

Financial Performance - The company expects a net profit of approximately -82 million RMB for the year 2025, indicating a growth of 25.90% to 36.75% compared to the previous year's net profit of -110.67 million RMB [3]. - The net profit after deducting non-recurring gains and losses is projected to be around -97 million RMB, reflecting a growth of 21.21% to 33.39% from -123.11 million RMB in the same period last year [3]. - The estimated impact of non-recurring gains and losses on the company's net profit is approximately 12 million RMB [5]. Market Conditions - The decline in net profit is primarily due to the ongoing sluggish demand in the downstream real estate market, leading to a continuous decrease in plastic pipe sales [5]. Cost Management - The increase in gross profit margin is attributed to a reduction in product costs and improved management of accounts receivable, resulting in a decrease in credit impairment provisions [5]. - The average number of employees has decreased compared to the previous year, contributing to lower sales and management expenses [5]. Financial Reporting - The financial data presented is preliminary and has not been audited by the accounting firm, with the final figures to be disclosed in the 2025 annual report [7].