Sanmei(SH:603379) Ge Long Hui A P P·2025-10-13 13:57Core Viewpoint - Sanmei Co., Ltd. (603379.SH) expects a significant increase in net profit for the first three quarters of 2025, projecting a range of 1.524 billion to 1.646 billion yuan, representing a year-on-year growth of 171.73% to 193.46% [1] Financial Performance - The company anticipates net profit attributable to shareholders, excluding non-recurring gains and losses, to be between 1.513 billion and 1.635 billion yuan, reflecting a year-on-year increase of 175.83% to 198.05% [1] Industry Dynamics - In 2025, the production quota for second-generation fluorinated refrigerants (HCFCs) will be further reduced, while the third-generation fluorinated refrigerants (HFCs) will continue to be managed under production quotas, leading to an optimized competitive landscape [1] - There is an expected growth in downstream demand, contributing to a steady increase in market prices for fluorinated refrigerants [1] Product Pricing and Profitability - The average price of the company's fluorinated refrigerant products is projected to rise significantly year-on-year in the first three quarters of 2025, resulting in improved profitability [1]