立达信(605365.SH)：预计2025年净利润同比减少47.69%至55.16%

Core Viewpoint - The company Lida Xin (605365.SH) is expected to experience a significant decline in net profit for the year 2025, with projections indicating a decrease of 47.69% to 55.16% compared to the previous year [1] Financial Projections - The estimated net profit attributable to the parent company for 2025 is projected to be between 187.37 million and 218.59 million yuan [1] - The estimated net profit excluding non-recurring gains and losses for 2025 is projected to be between 128.22 million and 149.59 million yuan, reflecting a year-on-year decrease of 58.42% to 64.36% [1] Operational Challenges - The company faced challenges due to changes in U.S. tariff policies, prompting an acceleration of expansion at its Thailand base in the second quarter [1] - Increased local material procurement costs, production costs, and management expenses in Thailand, along with intensified industry competition, have led to a decline in product gross margins [1] Future Strategies - In 2026, the company plans to enhance product structure, improve supply chain management, optimize inventory management, and continue implementing cost control measures to improve operational quality [1]