POWER HF(SH:605100) Ge Long Hui A P P·2026-01-29 08:02Core Viewpoint - Huafeng Co., Ltd. (605100.SH) 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 anticipates a net profit attributable to shareholders of 25.5 million to 31.5 million yuan for 2025 [1] - The expected net profit after deducting non-recurring gains and losses is projected 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, with insufficient demand for traditional diesel trucks and a lack of involvement in the new energy truck parts business [1] - The Indian subsidiary's operational revenue has decreased due to strategic adjustments by a key client and changes in visa policies affecting employee mobility for business development [1] - An increase in credit impairment losses related to accounts receivable compared to the previous year [1] - A reduction in sales orders, lower capacity utilization, and increased unit manufacturing costs have also contributed to the profit decline [1]