固德威：预计2025年净利润1.25亿元至1.62亿元

Core Viewpoint - The company, Goodwe (688390.SH), is expected to turn a profit in 2025, with net profit attributable to shareholders projected between 125 million to 162 million yuan, marking an increase of 186.81 million to 223.81 million yuan compared to the previous year [1] Financial Performance - The estimated net profit attributable to shareholders for 2025 is projected to be between 125 million to 162 million yuan, indicating a turnaround from loss to profit [1] - The net profit, excluding non-recurring gains and losses, is expected to be between 34 million to 71 million yuan, an increase of 227.57 million to 264.57 million yuan year-on-year [1] Key Drivers - The turnaround in 2025 is primarily attributed to: 1. The surge in domestic photovoltaic installations, the implementation of household storage subsidy policies in Australia, and the recovery of the European market from inventory adjustments, leading to significant increases in sales and gross profit of inverters and energy storage batteries [1] 2. Continuous investment in research and development and optimization of global market layout, which, despite an increase in period expenses, has effectively enhanced overall profitability through revenue growth and product structure optimization [1]