华丰股份：预计2025年净利润同比减少57.19%~65.35%

Core Viewpoint - Huafeng Co., Ltd. (605100.SH) expects a significant decline in net profit for 2025, projecting a range of CNY 25.50 million to CNY 31.50 million, representing a year-on-year decrease of 57.19% to 65.35% due to various adverse factors [2] Summary by Relevant Categories Financial Performance - The projected net profit for 2025 is between CNY 25.50 million and CNY 31.50 million, indicating a substantial decline compared to previous years [2] - The expected decrease in net profit is between 57.19% and 65.35% year-on-year [2] Market Conditions - The decline in performance is attributed to changes in demand within the heavy truck market, leading to a decrease in revenue from components [2] - There has been a reduction in operational revenue from the company's subsidiary in India [2] Operational Challenges - An increase in credit impairment losses on accounts receivable has been noted [2] - A decrease in orders has resulted in lower capacity utilization and an increase in unit manufacturing costs [2]