Financial Forecast - The company forecasts a net profit of approximately CNY 13 million to CNY 17 million for the year 2025, representing a decline of 74.02% to 80.14% compared to the previous year's net profit of CNY 65.44 million[4]. - The performance forecast data is preliminary and has not been audited by an accounting firm, thus it does not constitute a commitment to investors regarding performance[7]. Revenue and Profit Decline - The significant decline in net profit is primarily due to decreased revenue from the parent company, impacted by industry price competition and adjustments in procurement strategies from key customer Midea Group[5]. Subsidiary Operations - The subsidiary, Thailand Honghai, began trial production at the end of 2024, with an increase in customer orders for 2025; however, high initial investment and operational costs are expected to delay significant financial returns[6]. Financial Expenses - Financial expenses have increased due to a larger scale of bank loans for both the parent company and the subsidiary, leading to higher interest costs and exchange rate fluctuations affecting foreign exchange gains and losses[6].
宏海科技(920108) - 2025 Q4 - 年度业绩预告