南侨食品：2025年净利润同比预降78.39%—81.99%

Core Viewpoint - Nanchao Food (605339) expects a significant decline in net profit for the year 2025, projecting a range of 36.26 million to 43.52 million yuan, representing a year-on-year decrease of 78.39% to 81.99% [1] Summary by Relevant Categories Financial Performance - The company anticipates a net profit attributable to shareholders of 36.26 million to 43.52 million yuan for 2025, which marks a substantial decrease compared to the previous year [1] - The expected decline in net profit is attributed to rising prices of major raw materials throughout the year, leading to increased production costs [1] Profitability Metrics - The overall gross margin and net margin of the company are expected to decline due to the increased production costs [1] - A decrease in the revenue share from high-margin products, specifically baking oils, has further pressured the overall gross margin [1]