TGCF(SZ:301217) Ge Long Hui A P P·2026-01-27 13:44Core Viewpoint - The company, Tongguan Copper Foil (301217.SZ), is expected to achieve a net profit attributable to shareholders of 55 million to 75 million yuan in 2025, marking a turnaround from losses, with a net profit excluding non-recurring gains and losses projected at 45 million to 65 million yuan, also indicating a return to profitability [1] Group 1: Financial Performance - The company anticipates a significant improvement in financial performance for 2025, with a focus on turning losses into profits [1] - The total production of various copper foil products reached approximately 71,000 tons during the reporting period, contributing to the positive financial outlook [1] Group 2: Revenue Drivers - Key factors driving revenue growth include the ongoing release of capacity from expansion projects, leading to a supply-demand imbalance for high-frequency and high-speed copper foil, resulting in rapid sales growth [1] - The sales volume of high-value-added lithium battery copper foil, particularly those with a thickness of 5 micrometers or less, has steadily increased, further boosting revenue [1] Group 3: Cost Management and Profitability - The company has successfully increased the proportion of high-value-added products, which has led to a rise in processing fee income [1] - Continuous efforts to reduce costs and enhance operational efficiency have effectively lowered related costs, contributing to a recovery in product gross margins [1] - The expansion of sales scale and rising copper prices have resulted in an increase in accounts receivable, necessitating the provision for credit impairment losses according to accounting standards [1]