巨星科技：2025年全年归属于上市公司股东的净利润同比预增5.00%—20.00%

Core Viewpoint - The company, Juxing Technology, forecasts a net profit attributable to shareholders for 2025 to be between 2418.81 million and 2764.35 million yuan, representing a year-on-year increase of 5.00% to 20.00% [1] Group 1: Financial Performance - The expected net profit excluding non-recurring gains and losses for 2025 is projected to be between 2308.81 million and 2654.35 million yuan, with a year-on-year increase of 0.20% to 15.20% [1] - The company anticipates that overall revenue for the year will remain flat year-on-year due to the impact of new production capacities in Vietnam and Thailand, as well as significant growth in new products, particularly electric tools [1] Group 2: Market Conditions - The international trade environment has caused significant fluctuations, impacting the company's production and delivery schedules, particularly in the second quarter [1] - The negative effects of tariffs have raised average industry prices, leading to a notable decline in industry sales [1] Group 3: Strategic Initiatives - The company is accelerating its internationalization efforts and product innovation to mitigate the adverse effects of the trade environment [1] - New orders have shown a year-on-year increase, and the company plans to actively develop new businesses and products in 2026 to regain reasonable growth [1] Group 4: Currency Impact - The depreciation of the RMB against the USD has had some negative effects on the company; however, its high level of internationalization and product innovation has significantly reduced the impact of exchange rate fluctuations on profitability [1] - Increased sales from cross-border e-commerce and new products have effectively improved the gross margin [1] Group 5: Future Outlook - The company expects additional costs of 10 million USD due to the relocation of the Arrow factory in the fourth quarter, along with foreign exchange losses affecting the net profit attributable to shareholders for that quarter [1]