MustangBattery(SH:605378) Sou Hu Cai Jing·2026-01-22 10:31Core Viewpoint - Yema Battery has released a performance forecast, expecting a net profit attributable to shareholders of 45.83 million to 64.17 million yuan for the full year of 2025, influenced by market competition, industry trends, and changes in export tax policies [1]. Group 1: Main Business Impact - The sales prices of some products have decreased due to market competition and industry development 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]. - Fluctuations in the RMB exchange rate have resulted in reduced operating income when converted from USD to RMB, as the RMB has appreciated against the USD since April 2025 [1]. Group 2: Non-Operating Profit and Loss Impact - Non-operating profit and loss has not had a significant impact on the company's performance forecast [1]. Group 3: Accounting Treatment Impact - Accounting treatment has not had a significant impact on the company's current performance forecast [2][3]. Group 4: Other Influences - There are no other significant factors affecting the current performance forecast [4]. - 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 third quarter of 2025 saw a main revenue of 443 million yuan, up 4.37% year-on-year, with a net profit attributable to shareholders of 24.03 million yuan, down 50.58% year-on-year [4].