华丰股份：2025年全年净利润同比预减57.19%—65.35%

Core Viewpoint - Huafeng Co., Ltd. expects a significant decline in net profit for the year 2025, projecting a decrease of 57.19% to 65.35% compared to the previous year, primarily due to changes in market demand and operational challenges [1] Group 1: Financial Projections - The company forecasts a net profit attributable to shareholders of 25.5 million to 31.5 million yuan for 2025 [1] - The projected net profit excluding non-recurring gains and losses is expected to be between 21.5 million and 27.5 million yuan, reflecting a year-on-year decrease of 59.69% to 68.48% [1] Group 2: Reasons for Profit Decline - A significant drop in revenue from components due to changes in demand for heavy-duty trucks, particularly a lack of demand for traditional diesel trucks and the company's absence in the new energy truck components market [1] - Operational income from the Indian subsidiary has decreased due to strategic adjustments by a key client and changes in visa policies affecting business operations [1] - An increase in credit impairment losses related to accounts receivable compared to the same period last year [1] - A reduction in sales orders, lower capacity utilization, and increased unit manufacturing costs have also contributed to the profit decline [1]