美畅股份(300861.SZ)：预计2025年净利润同比增长51.18%～78.67%

Core Viewpoint - Meichang Co., Ltd. (300861.SZ) expects a net profit attributable to shareholders of 220 million to 260 million yuan for 2025, representing a year-on-year growth of 51.18% to 78.67% [1] - The net profit after deducting non-recurring gains and losses is projected to be between 165 million and 210 million yuan, indicating a year-on-year increase of 76.88% to 125.12% [1] Group 1 - The company faces challenges in its diamond wire business due to weak demand in the downstream photovoltaic industry and a significant increase in the price of key raw material tungsten powder [1] - To mitigate production costs, the company is enhancing the material yield of tungsten wire through technological upgrades [1] - The company is actively expanding its waste tungsten wire diamond wire recycling business to explore resource recycling value, contributing to the year-on-year growth in net profit [1]