Core Viewpoint - Honghai Technology (920108) is expected to report a significant decline in net profit for the fiscal year 2025, primarily due to industry price competition and changes in procurement strategies from key clients like Midea Group [1] Financial Performance - As of January 29, 2026, Honghai Technology's stock closed at 14.29 yuan, down 3.12% from the previous trading day, with a total market capitalization of 2.461 billion yuan [1] - The company anticipates a net profit attributable to shareholders of between 13 million yuan and 17 million yuan for 2025, representing a decrease of 74.02% to 80.14% compared to the previous year's profit of 65.4424 million yuan [1] Operational Challenges - The decline in performance is attributed to reduced operating revenue due to price competition and adjustments in procurement strategies by major clients [1] - The subsidiary, Thailand Honghai, is currently in a capacity ramp-up phase, leading to high operational costs without significant revenue generation [1] - Increased loan sizes have resulted in higher interest expenses, compounded by foreign exchange losses due to currency fluctuations, which have further pressured profits [1]
宏海科技（920108）披露2025年年度业绩预告，1月29日股价下跌3.12%