德昌股份：2025年净利润同比预减51%到61%

Core Viewpoint - Dechang Co., Ltd. (605555) forecasts a significant decline in net profit for the fiscal year 2025, projecting a range of 160 million to 200 million yuan, which represents a year-on-year decrease of 51% to 61% [1] Group 1: Financial Performance - The expected net profit for 2025 is estimated to be between 160 million and 200 million yuan, indicating a substantial decline compared to the previous year [1] - The company anticipates a decrease in net profit due to various factors affecting its business segments [1] Group 2: Business Segments - The automotive parts business is expected to continue its rapid growth trajectory in 2025 [1] - The home appliance segment is facing challenges due to international trade policies, increased competition, and the introduction of new production capacity, which is still in the ramp-up phase [1] - The home appliance business is experiencing a decline in gross margin due to increased amortization costs and price reductions [1] Group 3: Currency Impact - The company reported a foreign exchange loss of approximately 18 million yuan for the period, a decrease of about 60 million yuan compared to the same period last year [1]