野马电池发预减，预计2025年度归母净利润同比下降58%至70%

Core Viewpoint - Yema Battery (605378.SH) forecasts a significant decline in net profit for the fiscal year 2025, projecting a range of 45.83 million to 64.17 million yuan, which represents a decrease of 88.61 million to 106.94 million yuan compared to the previous year, indicating a year-on-year decline of 58% to 70% [1] Group 1: Financial Performance - The company expects net profit attributable to shareholders to fall between 45.83 million and 64.17 million yuan for 2025 [1] - This forecast reflects a substantial decrease of 88.61 million to 106.94 million yuan compared to the previous year's statutory disclosure [1] - The anticipated decline in profit is attributed to increased market competition and industry development trends [1] Group 2: Market and Cost Pressures - The sales prices of some products have decreased due to market competition and industry trends [1] - Rising commodity prices in the second half of 2025 are expected to exert pressure on the company's cost structure [1] - The export tax rebate rate for battery products has been reduced from 13% to 9%, increasing cost pressures in the export segment and contributing to a decline in product gross margins [1]