三友化工(600409.SH)：预计2025年度净利润同比下降82%左右

Core Viewpoint - The company, Sanyou Chemical (600409.SH), anticipates a significant decline in net profit for the year 2025, with projections indicating a decrease of approximately 408 million yuan, representing a year-on-year decline of around 82% [1] Financial Performance - The net profit attributable to the parent company is expected to decrease by about 408 million yuan compared to the previous year, reflecting an 82% year-on-year decline [1] - The net profit excluding non-recurring gains and losses is projected to decline by approximately 427 million yuan, indicating a staggering 99% year-on-year decrease [1] Industry Challenges - The company faces challenges in its main product sectors due to oversupply, insufficient effective demand, and limited decline in raw material prices, which continue to pressure operations [1] - The soda ash segment is expected to see a significant reduction in profits compared to the same period last year, while the chlor-alkali segment's profitability is also anticipated to decline year-on-year [1] - Although the chemical fiber and organic silicon segments show some year-on-year improvement, it is insufficient to offset the negative impact of price declines in the soda ash segment, leading to an overall decrease in net profit attributable to the parent company [1]