POWER HF(SH:605100) Zhi Tong Cai Jing·2026-01-29 08:58Core Viewpoint - Huafeng Co., Ltd. (605100.SH) anticipates a significant decline in net profit for the year 2025, projecting 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 within the heavy truck market, particularly a lack of demand for traditional diesel heavy trucks and an increase in the penetration rate of new energy heavy trucks, for which the company has not yet established a component business [1] - The company is currently undergoing technical modifications to its production line for natural gas models, which will be in the debugging and sample verification phase in the first half of 2025, leading to reduced revenue from natural gas heavy truck components [1] - The operational revenue from the company's subsidiary in India has decreased due to strategic adjustments by a key client and changes in Indian visa policies, which have hindered employee business interactions and expansion efforts [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]