Core Viewpoint - The company, Jing Sheng Machinery, anticipates a significant decline in net profit for the year 2025, primarily due to cyclical fluctuations in the photovoltaic industry and a decrease in material prices [1] Financial Performance - The expected net profit attributable to shareholders for 2025 is projected to be between 878.41 million and 1,254.87 million yuan, representing a year-on-year decrease of 50.00% to 65.00% [1] - The net profit after deducting non-recurring gains and losses is estimated to be between 658.41 million and 974.87 million yuan, reflecting a year-on-year decline of 60.35% to 73.22% [1] Industry Impact - The company's photovoltaic equipment demand has decreased due to cyclical fluctuations in the photovoltaic industry, leading to a reduction in gross profit by approximately 2.2 billion to 2.6 billion yuan [1] - The prices of materials such as quartz crucibles and diamond wires have declined, further impacting the company's photovoltaic business [1] Credit Impairment - The company has recorded a decrease in credit impairment provisions by approximately 400 million yuan compared to the previous year, contributing to the overall decline in operating performance [1] Non-recurring Gains and Losses - For the year 2025, the estimated impact of non-recurring gains and losses on net profit is expected to be between 220 million and 280 million yuan [1]
晶盛机电：2025年全年净利润同比预减50.00%—65.00%