南侨食品：预计2025年归母净利润为3626.37万元至4351.64万元

Core Viewpoint - The company 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 anticipated net profit for 2025 is between 36.26 million and 43.52 million yuan, which indicates a substantial decrease compared to previous years [1] - The decline in profit is attributed to rising prices of key raw materials, leading to increased production costs and a decrease in overall gross and net profit margins [1] Cost Factors - Major raw materials include palm oil, soybean oil, coconut oil, and natural cream, all of which have seen varying degrees of price increases year-on-year [1] - Palm oil prices have shown significant volatility, with a notable increase compared to 2024, despite a recent price drop [1] - Coconut oil prices have reached historical highs, and the prices of imported natural cream and dairy products have also risen significantly, exacerbating cost pressures [1] Market Conditions - The slow recovery of end-consumer demand and intensified industry competition have resulted in the company's product price increases lagging behind the rise in raw material costs [1] - The company's pricing measures have a certain degree of lag, further contributing to the pressure on overall profit levels during the reporting period [1]