MustangBattery(SH:605378) Sou Hu Cai Jing·2026-01-22 10:31Core Viewpoint - Yema Battery has released a performance forecast, expecting a net profit of 38.62 million to 57.92 million yuan for the full year of 2025 after deducting non-recurring gains and losses [1] Group 1: Main Business Impact - The sales prices of some products have decreased due to market competition and industry trends, while rising commodity prices in the second half of 2025 are expected to exert cost pressure on the company [1] - The export tax rebate rate for battery products has been adjusted from 13% to 9%, increasing cost pressure in the export segment and leading to a decline in product gross margin [1] - The appreciation of the RMB against the USD since April 2025 has resulted in a reduction in operating revenue when converted to RMB, as the company's export products are priced in USD [1] Group 2: Non-Operating Gains and Losses - Non-operating gains and losses have not had a significant impact on the company's performance [1] Group 3: Financial Performance - For the first three quarters of 2025, the company reported a main revenue of 1.028 billion yuan, an increase of 8.15% year-on-year, while the net profit attributable to shareholders decreased by 53.24% to 54.66 million yuan [4] - The net profit after deducting non-recurring gains and losses for the same period was 47.39 million yuan, down 56.37% year-on-year [4] - In Q3 2025, the company's quarterly main revenue was 443 million yuan, up 4.37% year-on-year, but the quarterly net profit attributable to shareholders fell by 50.58% to 24.03 million yuan [4] - The company's debt ratio stands at 21.79%, with investment income of 6.86 million yuan and financial expenses of -4.94 million yuan, while the gross margin is 14.26% [4]