红宝丽：预计2025年上半年净利润同比下降47.11% - 31.25%

Summary of Key Points Core Viewpoint - Hongbaoli (002165) expects a significant decline in net profit for the first half of 2025, with projections indicating a drop of 47.11% to 31.25% compared to the same period last year [1] Financial Performance - The net profit attributable to shareholders is estimated to be between 20 million yuan and 26 million yuan, down from 37.82 million yuan in the previous year [1] - The net profit after deducting non-recurring gains and losses is expected to incur a loss of between 10 million yuan and 5 million yuan, a decrease of 138.27% to 119.14% from 26.13 million yuan last year [1] - Basic earnings per share are projected to be between 0.0272 yuan and 0.0354 yuan [1] Operational Insights - The company adheres to an innovation-driven approach, actively developing new technologies and markets [1] - Despite an increase in total sales volume of main products, the average procurement price of the main raw material, propylene oxide, has decreased, leading to a reduction in product prices [1] - Rising costs of certain raw materials and increased sales expenses have contributed to a decline in operating profit compared to the previous year [1]