SOLEX(SH:603992) Ge Long Hui·2025-10-14 09:43Core Viewpoint - Songlin Technology (603992.SH) expects a significant decline in net profit for the first three quarters of 2025 compared to the same period last year, primarily due to external economic factors impacting sales [1] Financial Performance - The company anticipates net profit attributable to shareholders to be between 155 million to 160 million yuan, representing a year-on-year decrease of 51.67% to 50.11% [1] - The net profit after deducting non-recurring gains and losses is projected to be between 123 million to 128 million yuan, reflecting a year-on-year decline of 58.42% to 56.73% [1] Business Operations - Despite the profit decline, the underlying business logic remains unchanged, with major customer projects and orders showing steady recovery [1] - The company's operating performance is improving quarter by quarter, with a projected quarter-on-quarter net profit growth of 30% to 40% in Q3 [1] External Factors - The company attributes the current challenges to the ongoing international trade environment and macroeconomic conditions, which have led to a year-on-year revenue decline in key sales regions [1] Strategic Initiatives - The company continues to invest in research and development, market expansion, and overseas base construction to build momentum for future growth [1] - The construction of the Vietnam production base is being accelerated, with increased initial expenditure; shipments from Vietnam are expected to begin in June 2025, entering a capacity ramp-up phase [1]