GalaxyCore (SH:688728) Shang Hai Zheng Quan Bao·2026-01-28 18:06Core Viewpoint - The company, GeKowei Co., Ltd., anticipates a significant increase in revenue for the year 2025, while projecting a substantial decline in net profit compared to the previous year [2][3]. Group 1: Performance Forecast - The company expects to achieve an operating revenue of between 750 million to 800 million yuan in 2025, representing an increase of 111.67 million to 161.67 million yuan, or a growth of 17.49% to 25.33% year-on-year [2]. - The projected net profit attributable to the parent company is estimated to be between 38 million to 57 million yuan, which indicates a decrease of 12.98 million to 14.88 million yuan, or a decline of 69.49% to 79.66% year-on-year [2]. - The net profit after deducting non-recurring gains and losses is expected to be between -110 million to -75 million yuan, reflecting a decrease of 145.66 million to 180.66 million yuan, or a decline of 206.15% to 255.68% year-on-year [2]. Group 2: Previous Year Performance - In 2024, the company reported an operating revenue of 638.33 million yuan, with a total profit of 124.54 million yuan and a net profit attributable to the parent company of 186.81 million yuan [2]. Group 3: Reasons for Performance Changes - The increase in revenue is primarily driven by the rising shipment volumes of 32 million and 50 million pixel image sensors, with total shipments exceeding 100 million units, and the products being widely used by various brand clients [3]. - The company has faced significant foreign exchange losses due to a depreciation of the US dollar against the Chinese yuan, impacting its dollar-denominated net exposure [3]. - Non-recurring gains and losses, particularly government subsidies recognized in the current period, have also influenced net profit [3].