志邦家居(603801.SH)发预减，预计2025年度归母净利润同比减少42.92%到55.89%

Core Viewpoint - Zhibang Home (603801.SH) forecasts a net profit attributable to shareholders of 170 million to 220 million yuan for the year 2025, representing a year-on-year decrease of 42.92% to 55.89% [1] Group 1: Financial Performance - The expected net profit for 2025 is significantly lower compared to previous years, indicating a challenging financial outlook for the company [1] - The projected profit decline is attributed to a reduction in new housing deliveries, leading to structural adjustments in the company's bulk business [1] Group 2: Market Conditions - The company faces increased internal competition within the industry, which has resulted in a temporary decline in overall gross profit margins [1] - Economic uncertainties are contributing to the pressure on profitability, as the demand for existing home renovations and overseas markets is still gradually being released and is insufficient to offset the decline in primary channels [1]