HUALI(SH:603038) Ge Long Hui A P P·2026-01-29 13:38Core Viewpoint - The company, Huali Co., Ltd. (603038.SH), expects a significant increase in net profit for the fiscal year 2025, projecting a range of 39 million to 54.6 million yuan, which represents a year-on-year growth of 68.82% to 136.35% [1] Financial Projections - The projected net profit attributable to shareholders for 2025 is estimated to be between 39 million and 54.6 million yuan, an increase of 15.899 million to 31.499 million yuan compared to the previous year [1] - The expected net profit after deducting non-recurring gains and losses is forecasted to be between 40 million and 56 million yuan, reflecting an increase of 29.0348 million to 45.0348 million yuan year-on-year, translating to a growth of 264.79% to 410.71% [1] Business Drivers - The primary reasons for the expected performance increase include: - The company's active promotion of product structure upgrades and strategic business transformation, which has solidified its leading position in the edge banding market. The decorative panel business has seen rapid growth in sales revenue and profit contributions, becoming a key driver of overall performance [1] - The current reporting period marks the first complete year of incorporating the smart water business, leading to a significant increase in year-on-year comparisons due to the substantial base effect from the previous year. Major projects within this business have met acceptance conditions as planned, with profitability levels aligning with expectations [1]