石英股份：2025年归母净利预减49.34%-58.63%

Core Viewpoint - The company Quartz Co., Ltd. (603688) has announced a significant decline in its expected net profit for the year 2025, projecting a decrease of 49.34% to 58.63% compared to the previous year, primarily due to the impact of industry cycles on its photovoltaic business [1][7]. Financial Performance - The expected net profit attributable to shareholders for 2025 is projected to be between 138 million to 169 million yuan [1]. - The expected net profit after deducting non-recurring gains and losses is projected to be between 66 million to 81 million yuan, reflecting a decrease of 70.40% to 75.89% year-on-year [1]. - In the previous year, the total profit was 380.24 million yuan, with a net profit attributable to the parent company of 333.57 million yuan, and a net profit after deducting non-recurring gains and losses of 273.69 million yuan [2][8]. Business Environment - The decline in performance is mainly attributed to the photovoltaic business being affected by cyclical fluctuations in the industry, with no substantial improvement in the current supply-demand mismatch [6][11]. - The company is focusing on enhancing product quality and deepening technological innovation in response to the challenging industry environment [6][11]. - The company plans to closely monitor industry developments and dynamically adjust its business strategies to strengthen its market competitiveness and steadily increase market share [6][11]. - During the reporting period, the company leveraged its leading technological advantages and diverse product matrix to accelerate the certification process with domestic and international semiconductor chip manufacturers, resulting in stable growth in its semiconductor business [6][11].