POWER HF(SH:605100) 智通财经网·2026-01-29 08:58Core Viewpoint - Huafeng Co., Ltd. (605100.SH) forecasts a significant decline in net profit for the year 2025, estimating a range of 25.5 million to 31.5 million yuan, representing a year-on-year decrease of 57.19% to 65.35% [1] Group 1: Reasons for Profit Decline - The primary reason for the profit reduction is the substantial decline in revenue from components due to changes in demand in the heavy truck market, particularly from insufficient demand for traditional diesel heavy trucks and the lack of business in new energy heavy truck components [1] - The company has not yet established a presence in the new energy heavy truck parts business, which has hindered revenue support from the growth in this sector [1] - The revenue from natural gas heavy truck components is expected to decrease in 2025 due to the production line being in the adjustment and sample verification phase following technical upgrades in 2024 [1] Group 2: Impact of External Factors - The operational revenue from the Indian subsidiary has decreased due to strategic adjustments from a key client and changes in Indian visa policies, which have prevented company employees from conducting on-site business development [1] - There has been an increase in credit impairment losses related to accounts receivable compared to the previous year [1] - A reduction in sales orders has led to lower capacity utilization and increased unit manufacturing costs [1]