兴业科技(002674) - 2025 Q4 - 年度业绩预告

Financial Projections - The estimated net profit attributable to shareholders for 2025 is projected to be between ¥9,800 million and ¥12,000 million, representing a decrease of 30.81% to 15.28% compared to the previous year’s ¥14,164.40 million[4]. - The estimated net profit after deducting non-recurring gains and losses is expected to be between ¥9,300 million and ¥11,500 million, reflecting a decline of 30.48% to 14.03% from last year's ¥13,377.03 million[4]. - The basic earnings per share is projected to be between ¥0.3309 and ¥0.4051, down from ¥0.4846 in the previous year[4]. Business Performance - The decline in net profit is primarily attributed to weaker-than-expected recovery in footwear and apparel consumption, leading to a decrease in selling prices of leather products and a drop in gross profit margins[6]. - The automotive interior leather business is expected to maintain revenue growth due to new customer acquisition and strong sales of targeted vehicle models, with stable gross and net profit margins[7]. - In Q4 2025, revenue and net profit from the footwear and bag leather business showed a recovery, while the automotive interior leather business experienced significant growth in both revenue and net profit on a quarter-over-quarter basis[7]. Audit and Risk Awareness - The company has communicated with its auditing firm regarding the earnings forecast, and there are no discrepancies between the two parties[5]. - Investors are advised to note that the earnings forecast is based on preliminary estimates and the final financial data will be disclosed in the 2025 annual report, highlighting the importance of investment risk awareness[8].