恩捷股份：预计2025年全年净利润1.09亿元—1.64亿元

Core Viewpoint - Enjie Co., Ltd. anticipates a significant decrease in net profit for the year 2025, with projections ranging from 109.43 million to 164.13 million yuan, indicating a year-on-year decline. The company expects its net profit, excluding non-recurring gains and losses, to be between 84.74 million and 127.10 million yuan [1] Group 1: Financial Performance - The company reported a notable improvement in profitability, achieving a turnaround from loss to profit during the reporting period, particularly benefiting from government subsidies received [1] - The gross profit margin has increased due to a rise in sales volume and stabilization of product prices, especially in the fourth quarter of 2025 [1] Group 2: Industry Context - The lithium battery separator industry has seen a continuous increase in downstream demand since the third quarter, leading to a steady growth in the company's separator product sales [1] - The supply-demand dynamics in the industry have improved, contributing to a gradual stabilization and recovery in the prices of separator products [1]