赛特新材发预减，预计2025年度归母净利润同比减少57.89%到71.93%

Core Viewpoint - The company, Sait New Materials (688398.SH), has announced a significant decrease in its expected net profit for the year 2025, projecting a reduction of 44.67 million to 55.50 million yuan, which translates to a year-on-year decline of 57.89% to 71.93% [1] Group 1: Reasons for Profit Decrease - The primary reasons for the profit decrease include a decline in the average selling price of the main product, vacuum insulation panels, due to macroeconomic conditions and market competition, leading to a decrease in gross margin [1] - The subsidiary, Weijiji, is currently in an investment phase, resulting in increased fixed asset depreciation expenses compared to the previous year [1] - The company has incurred higher financial expenses due to interest costs from convertible bonds and bank loans, contributing to the overall increase in financial costs [1] Group 2: Business Outlook and Strategies - Despite the profit decrease, the company reports a continued growth trend in the production and sales volume of vacuum insulation panels, driven by market demand [1] - The implementation of new refrigerator energy efficiency standards and the continuation of the old-for-new policy in 2026 are expected to create favorable conditions for the sustained increase in the penetration rate of the company's main products [1] - The company plans to actively respond to opportunities and challenges by optimizing its business layout, responding to downstream customer needs, accelerating the launch of new products, and expanding into new application areas [1] - There is a focus on enhancing daily operational management and deepening cost reduction and efficiency improvement efforts to boost overall profitability [1]