探路者(300005.SZ)发预减，预计上半年归母净利润1600万元–2200万元，下降74.27%–81.29%

Core Viewpoint - The company, Tanshan (300005.SZ), anticipates a significant decline in net profit for the first half of 2025, projecting a decrease of 74.27% to 81.29% year-on-year, primarily due to challenges in its outdoor business and fluctuations in foreign exchange losses [1] Financial Performance - The expected net profit attributable to shareholders is between 16 million to 22 million yuan [1] - The net profit after deducting non-recurring gains and losses is projected to be between 12 million to 16 million yuan, reflecting a year-on-year decline of 80.32% to 85.24% [1] Business Challenges - The decline in performance is attributed to several factors: - The outdoor business faced adverse market conditions and issues with the pace of new product iterations, leading to lower-than-expected sales and increased inventory impairment provisions [1] - Although the chip business is developing positively, significant fluctuations in foreign exchange gains and losses have negatively impacted overall performance [1]