聚合顺(605166.SH)：预计2025年净利润同比下降47%到57%

Company Overview - Juhe Shun (605166.SH) expects a net profit attributable to shareholders of the parent company for 2025 to be between 130 million to 160 million yuan, representing a year-on-year decline of 47% to 57% [1] - The company anticipates a net profit excluding non-recurring gains and losses for 2025 to be between 120 million to 150 million yuan, reflecting a year-on-year decrease of 48% to 59% [1] Industry Analysis - The nylon chip industry is experiencing intensified price competition due to the relatively concentrated release of production capacity within the industry [1] - Ongoing international trade frictions have significantly slowed down the export and production pace for some downstream customers, particularly those targeting the high-end market, leading to a temporary decline in demand for high-quality raw material PA6 [1] - The company's sales of high-value-added PA6 (nylon chips) have been directly impacted, resulting in a noticeable decline in the profit of its main business compared to the previous year [1]