Core Viewpoint - Tianyue Advanced (02631) expects a significant decline in both revenue and net profit for the fiscal year 2025 compared to the previous year, primarily due to market price decreases and strategic adjustments in market share expansion [1][2]. Group 1: Revenue and Profit Forecast - The company anticipates annual revenue for 2025 to be between 1.45 billion to 1.5 billion RMB, representing a decrease of 318 million to 268 million RMB, or a year-on-year decline of 17.99% to 15.17% [1]. - The expected net profit attributable to the parent company is projected to be a loss of 225 million to 185 million RMB, a reduction of 404 million to 364 million RMB compared to the previous year, indicating a year-on-year decrease of 225.68% to 203.34% [1]. Group 2: Factors Influencing Financial Performance - The increase in sales volume of substrate products was offset by a decline in overall revenue due to falling market prices, influenced by domestic market competition and strategic adjustments aimed at increasing market share [1]. - The company experienced increased sales expenses while actively exploring new applications for large-sized products, alongside a rise in R&D expenses to maintain technological leadership in the industry [1]. - Additional factors contributing to the decline in net profit include increased tax expenses and penalties, reduced gross profit due to lower product prices, foreign exchange losses from RMB fluctuations, increased asset impairment provisions, and higher costs associated with overseas listings [2].