Core Viewpoint - Tongling Co., Ltd. (301168.SZ) expects a net profit attributable to shareholders of 25 million to 34 million yuan for 2025, representing a decline of 52.38% to 64.98% compared to the previous year [1] Group 1: Financial Performance - The net profit after deducting non-recurring gains and losses is projected to be between 15 million and 21 million yuan, a decrease of 61.69% to 72.64% year-on-year [1] Group 2: Industry Conditions - The overall installed capacity growth in the photovoltaic sector is expected to maintain year-on-year growth, but the growth rate has slowed since the second half of the year, highlighting a phase of supply-demand imbalance in the industry [1] - The operating rates across various segments of the industry remain low, and the prices of downstream photovoltaic components continue to decline, while the prices of raw materials like silver are on the rise, squeezing profit margins in the photovoltaic auxiliary materials segment [1] Group 3: Company Strategy - The company is actively taking measures to enhance production efficiency and automation rates to effectively control comprehensive production costs, maintaining its core competitiveness in the photovoltaic junction box sector [1] - To navigate the current industry cycle, the company is strengthening credit management for downstream customers, prioritizing the protection of its profitability and cash flow situation based on a cautiously optimistic long-term outlook for the industry [1]
通灵股份(301168.SZ)：预计2025年净利润同比下降52.38%～64.98%