鑫科材料：2025年净利润预降39.06%至59.10%

Core Viewpoint - The company XinKe Materials expects a significant decline in net profit for the fiscal year 2025, projecting a net profit attributable to shareholders of between 25.5 million to 38 million yuan, representing a year-on-year decrease of 24.35 million to 36.85 million yuan, or a decline of 39.06% to 59.10% [1] Financial Performance - The projected non-recurring net profit is estimated to be between 9.8 million to 14.6 million yuan, which indicates a year-on-year decrease of 22.75 million to 27.55 million yuan, translating to a decline of 60.91% to 73.76% [1] - The net profit for the same period last year was 62.35 million yuan, while the non-recurring net profit was 37.35 million yuan [1] Reasons for Decline - The primary reasons for the decline in performance include ongoing losses from subsidiaries that are still in the capacity ramp-up phase, reduced asset disposal gains, decreased tax incentives, and the impact of export tax rebate policies [1]