力合微：2025年全年净利润同比预减73.91%—79.84%

Core Viewpoint - The company, Lihe Micro, anticipates a significant decline in net profit for the year 2025, projecting a decrease of 73.91% to 79.84% compared to the previous year, primarily due to reduced procurement scale in the smart grid market and a strategic shift towards non-grid IoT applications [1] Financial Performance - The expected net profit attributable to shareholders for 2025 is projected to be between 17 million and 22 million yuan [1] - The net profit after deducting non-recurring gains and losses is expected to be between 4.5 million and 6.5 million yuan, reflecting a year-on-year decrease of 91.39% to 94.04% [1] Business Strategy - The decline in the grid segment's performance is attributed to a decrease in market bidding and procurement pace [1] - The company is focusing on strategic development by increasing its investment in chip products for non-grid IoT applications, leading to a rise in R&D expenses compared to the previous year [1] Revenue Growth - Despite the overall decline in net profit, revenue from non-grid IoT-related businesses has grown by over 30% during the reporting period [1]