Sanmei(SH:603379) Ge Long Hui A P P·2026-01-15 08:00Core Viewpoint - Sanmei Co., Ltd. (603379.SH) expects a significant increase in net profit for the year 2025, projecting a range of CNY 1.99 billion to CNY 2.15 billion, representing a year-on-year growth of 155.66% to 176.11% [1] Financial Performance - The company anticipates a net profit attributable to shareholders after deducting non-recurring gains and losses to be between CNY 1.975 billion and CNY 2.134 billion, indicating a year-on-year increase of 163.82% to 185.09% [1] - The average price of fluorinated refrigerants has significantly increased year-on-year, contributing to a rise in operating revenue and gross profit margin, thereby enhancing profitability [1] Industry Outlook - 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] - The steady growth in downstream demand for mainstream refrigerant varieties is expected to support a gradual increase in market prices [1]