受产品价格下降等因素影响，深纺织A H1净利润同比预降4.31%-36.2%

Core Viewpoint - Deep Textile A has forecasted a decline in net profit for the first half of 2025, attributing this to various factors including product price drops and increased procurement costs due to currency fluctuations [5]. Financial Performance Summary - The expected net profit attributable to shareholders is projected to be between 28 million and 42 million yuan, representing a year-on-year decrease of 4.31% to 36.2% [5]. - The expected net profit after deducting non-recurring gains and losses is estimated to be between 20 million and 30 million yuan, reflecting a decline of 14.89% to 43.26% compared to the previous year [5]. - The basic earnings per share are forecasted to be between 0.0553 yuan and 0.0829 yuan [5]. - In the same period last year, the net profit attributable to shareholders was 43.89 million yuan, and the net profit after deducting non-recurring items was 35.26 million yuan [5]. Factors Affecting Performance - The decline in profitability is attributed to several factors: a decrease in product prices, an increase in procurement costs due to a rising yen exchange rate, and increased R&D investments [5]. - Non-recurring gains and losses are expected to impact net profit by approximately 9.74 million yuan, primarily from fair value changes in bank wealth management products held by the company [5]. Business Overview - Deep Textile A, listed in 1994, initially focused on textile business but has shifted to high-tech industries, primarily in the R&D, production, and sales of polarizers for OLED and LCD displays, as well as property management and textile clothing businesses [5]. Future Growth Drivers - The company identifies several drivers for future profit growth: 1. Accelerating technological innovation and optimizing product structure to increase the proportion of high-margin products like large-size LCD polarizers and advanced polarizers for OLED and automotive applications [6]. 2. Enhancing production capacity and reducing costs through improvements in production line speed and yield, as well as lean management practices [6]. 3. Strengthening strategic leadership and capital operations to innovate and upgrade business, while exploring upstream materials and advanced new materials [6].