LZJT(SZ:300428) Chang Jiang Shang Bao·2026-01-06 23:51Core Viewpoint - Lichung Group is expected to report impressive financial results for 2025, with a projected net profit attributable to shareholders ranging from 830 million to 870 million yuan, marking a year-on-year growth of 17.38% to 23.04% [1][2] Financial Performance - The company's net profit and net profit excluding non-recurring items are both set to reach new highs for the fifth consecutive year, with net profit expected to be between 830 million and 870 million yuan, and net profit excluding non-recurring items projected between 750 million and 790 million yuan, reflecting growth rates of 23.42% to 30.00% [2][3] - Historical net profit figures from 2021 to 2024 were 450 million, 492 million, 606 million, and 707 million yuan, with respective growth rates of 4.04%, 9.41%, 22.98%, and 16.77% [2][3] Business Operations - The growth in profit is attributed to several factors, including steady increases in production and sales across various business segments, with projected sales of 23.4 million aluminum alloy wheels, 1.26 million tons of recycled aluminum alloy, and 120,000 tons of functional intermediate alloys, leading to an expected total sales revenue of 32 billion yuan [3] - The overseas production capacity in the aluminum alloy wheel segment is being effectively utilized, with operations in Thailand and Mexico enhancing global supply capabilities [3] - The lithium hexafluorophosphate business has turned profitable due to market price recovery and increased capacity utilization, contributing positively to overall profitability [3] Research and Development - Lichung Group has maintained a research and development expense rate exceeding 3% over the past four years, with R&D expenses of 663 million, 745 million, 934 million, and 730 million yuan from 2022 to the first three quarters of 2025, reflecting year-on-year growth rates of 20.17%, 12.32%, 25.41%, and 6.65% [4][5] Strategic Partnerships - The company has entered into a strategic cooperation agreement with Beijing Weijing Intelligent Technology Co., focusing on humanoid robots, which includes material supply, assembly, and testing for diverse applications [5] - A subsequent procurement agreement for humanoid robot components worth approximately 75 million yuan has been signed, marking a significant step in the company's expansion into the humanoid robotics sector [5] Acquisitions - Lichung Group plans to acquire an additional 20% stake in MQP International for approximately 2.11 million yuan, increasing its ownership from 70% to 90%, which will enhance control over the subsidiary and strengthen its position in the aluminum-based functional intermediate alloy market [6]