ST德豪：预计2025年全年归属净利润盈利2200万元至3300万元

Core Viewpoint - ST Dehao expects a net profit attributable to shareholders of 22 million to 33 million RMB for the full year of 2025, influenced by various operational factors [1] Group 1: Performance Forecast - The decline in small home appliance export revenue is estimated to be around 12% to 16% compared to the same period last year [1] - The LED packaging business saw a revenue decrease of approximately 6% to 8% due to reduced overseas backlight orders and increasing industry competition [1] - The impact of ongoing business operations on net profit attributable to shareholders is projected to be between -68 million to -95 million RMB, with a reduction in losses of about 62 million to 35 million RMB compared to the previous year, narrowing the loss margin by approximately 27% to 47% [1] Group 2: Asset Management and Non-Recurring Gains - The company anticipates a negative impact on net profit from unsold assets related to the termination of the LED business, estimated at -47 million to -65 million RMB due to depreciation and impairment provisions [1] - Non-recurring gains are expected to positively influence net profit by approximately 155 million to 175 million RMB, primarily from the disposal of idle assets in Dalian and gradual debt repayment benefits [2] Group 3: Financial Performance Overview - For the first three quarters of 2025, the company reported a main revenue of 487 million RMB, a year-on-year decline of 10.92% [2] - The net profit attributable to shareholders for the same period was 90.15 million RMB, reflecting a significant increase of 277.69% year-on-year [2] - The company reported a third-quarter main revenue of 179 million RMB, down 15.24% year-on-year, while the quarterly net profit attributable to shareholders was 10.3 million RMB, up 1082.26% year-on-year [2]