志邦家居：预计2025年度净利润同比减少42.92%—55.89%

Core Viewpoint - Zhigang Home (603801) expects a significant decline in net profit for the fiscal year 2025, projecting a range of 170 million to 220 million yuan, which represents a year-on-year decrease of 42.92% to 55.89% [1] Group 1: Company Performance - The anticipated decline in net profit is attributed to a continuous reduction in new housing deliveries, leading to structural adjustments in the company's bulk business and a corresponding decrease in scale [1] - Increased economic uncertainty has intensified competition within the industry, resulting in a temporary decline in the company's overall gross profit margin, further compressing profit margins [1] Group 2: Market Conditions - The demand for existing housing renovations and overseas market demand is gradually being released but is not sufficient to fully offset the downward pressure from the main sales channels [1]