蠡湖股份：预计2025年全年扣非后净利润盈利1300万元至1800万元

Core Viewpoint - The company expects a net profit of 13 million to 18 million yuan for the year 2025 after deducting non-recurring items, indicating a challenging financial outlook due to various operational pressures [1] Group 1: Performance Forecast - The company anticipates a net profit of 13 million to 18 million yuan for 2025 after excluding non-recurring items [1] Group 2: Reasons for Performance Changes - The company's products are primarily used in the traditional fuel vehicle sector, facing intensified market competition and pressure on export business, leading to a year-on-year decline in overall revenue for 2025, which in turn reduces gross profit [2] - The company has a high proportion of foreign sales, primarily settled in US dollars, and the increased volatility of the dollar exchange rate has heightened foreign exchange risks, resulting in increased exchange losses [2] - The company completed the delivery and acceptance of land and buildings located at No. 2 Huayi Road, Wuxi, during the reporting period, which is expected to contribute approximately 108 to 110 million yuan to profit after accounting for disposal gains and income tax; this is classified as a non-recurring gain and is a major factor in the profit growth for 2025 [2] Group 3: Financial Results - For the first three quarters of 2025, the company's main revenue was 1.038 billion yuan, a year-on-year decrease of 10.85%; the net profit attributable to shareholders was 18.1315 million yuan, down 57.14%; and the net profit after deducting non-recurring items was 18.5237 million yuan, down 58.56% [3] - In the third quarter of 2025, the company's single-quarter main revenue was 365 million yuan, a year-on-year decrease of 4.06%; the single-quarter net profit attributable to shareholders was 4.3722 million yuan, an increase of 42.84%; and the single-quarter net profit after deducting non-recurring items was 5.2627 million yuan, an increase of 101.21% [3] - The company's debt ratio stands at 30.99%, with investment income at -1.6155 million yuan, financial expenses at 3.581 million yuan, and a gross profit margin of 15.08% [3]