Financial Performance Forecast - The company expects a net profit attributable to shareholders of 52 million to 71 million yuan for 2025, a decrease of 56.29 million to 75.29 million yuan compared to the previous year, representing a decline of 44.22% to 59.15%[4] - The projected net profit attributable to shareholders after deducting non-recurring gains and losses is expected to be between -66 million and -85 million yuan, a decrease of 152.41 million to 171.41 million yuan year-on-year, indicating a decline of 176.38% to 198.37%[4] - In 2024, the company reported a total profit of 141.68 million yuan and a net profit attributable to shareholders of 127.29 million yuan[6] - The basic earnings per share for 2024 were 0.40 yuan[6] Factors Affecting Profitability - The decrease in profit is primarily due to new projects from subsidiaries not yet reaching scale production, leading to increased fixed costs and depreciation[7] - The company faces intensified market competition, resulting in a downward trend in product processing fees, which negatively impacts profits[7] - Increased R&D investment for long-term development has led to higher short-term expenses, affecting profitability[7] Earnings Forecast and Risks - The earnings forecast is preliminary and has not been audited by a registered accountant[8] - The company assures that there are no significant uncertainties affecting the accuracy of the earnings forecast[8] - Investors are advised to pay attention to investment risks as the forecast data is preliminary and subject to change in the official 2025 annual report[9]
众源新材(603527) - 2025 Q4 - 年度业绩预告