恒润股份：2025年全年净利润预计同比扭亏

Core Viewpoint - Hengrun Co., Ltd. is expected to achieve a turnaround in profitability for the year 2025, with net profit attributable to shareholders projected between 65 million and 80 million yuan, marking a year-on-year recovery from losses [1] Financial Performance - The company anticipates a net profit excluding non-recurring gains and losses to be between 70 million and 85 million yuan for 2025 [1] - The recovery in profitability is attributed to the rebound in the wind power sector, the release of production capacity for new products such as large-scale wind power flanges and bearings, and improved performance from the computing power segment [1] Industry Insights - The wind power industry is experiencing a resurgence, leading to increased orders and gross profit growth in the company's wind power segment [1] - The capacity utilization rates of subsidiaries Jiangyin Hengrun Ring Forging Co., Ltd. and Jiangyin Hengrun Transmission Technology Co., Ltd. have significantly improved, effectively reducing unit production costs [1] Product Development - The company is actively adjusting its product structure, focusing on the research and production of high value-added products [1] - New products from subsidiaries have begun to enter the market, with large-scale wind power flanges and main shaft bearing products now capable of bulk supply, contributing positively to performance as orders increase [1] Market Expansion - Shanghai Runliuchu has intensified efforts in market customer development and actively expanded financing channels, leading to continuous growth in business scale and gradual improvement in performance contributions [1]