KAIMEITE GASES(SZ:002549) Ge Long Hui A P P·2026-01-20 09:01Core Viewpoint - The company expects a net profit attributable to shareholders of 65 million to 80 million yuan for 2025, marking a return to profitability compared to the previous year, with a net profit excluding non-recurring gains and losses projected at 53.5 million to 62.5 million yuan, also indicating a turnaround from losses [1] Group 1: Revenue and Profitability - The company has achieved steady revenue growth by consolidating its existing customer base while continuously expanding market reach and optimizing customer structure, leading to an increase in sales volume of main products and overall revenue growth [1] - The significant reduction in share-based payment expenses is noted, as the company terminated the 2022 restricted stock incentive plan in 2024, resulting in a one-time recognition of share payment expenses amounting to 87.4036 million yuan, with 78.3634 million yuan included in non-recurring gains and losses, while no such expenses occurred in the current reporting period [1] Group 2: Market Conditions and Adjustments - The company has faced price adjustments in specialty gas products, particularly xenon and its mixed gases, due to cyclical fluctuations in the industry, and has made sufficient impairment provisions based on the net realizable value of inventory for the 2024 fiscal year, resulting in a decrease in asset impairment losses compared to the previous year [1]