龙星科技：2025年全年净利润同比预减66.22%—77.48%

Core Viewpoint - Longxing Technology is expected to report a significant decline in net profit for 2025, with projections indicating a decrease of 66.22% to 77.48% year-on-year, primarily due to challenging market conditions in the carbon black industry [1] Financial Performance - The estimated net profit attributable to shareholders for 2025 is projected to be between 32 million and 48 million yuan [1] - The estimated net profit after deducting non-recurring gains and losses is expected to be between 19 million and 28.5 million yuan, reflecting a year-on-year decrease of 79.12% to 86.08% [1] Industry Context - The carbon black industry is facing significant pressure from a complex international environment, leading to a notable contraction in profit margins [1] - Demand growth in the downstream tire market is slowing, exacerbated by intensified competition within the industry [1] - Fluctuations in upstream raw material oil prices have resulted in a failure of cost transmission mechanisms, causing carbon black product prices to rise at a much lower rate than raw material prices [1] Company Strategy - In response to the challenging market environment, the company is committed to sustainable high-quality development, focusing on technological innovation, product structure optimization, lean management, energy conservation, and resource recycling [1] - Despite these efforts, the gross profit margin for carbon black products has significantly declined compared to the same period last year due to the aforementioned factors [1]