天玛智控：2025年净利同比预降66.61%~75.26%

Core Viewpoint - Tianma Zhikong (688570) expects a significant decline in net profit for 2025, projecting a decrease of 66.61% to 75.26% compared to the previous year [2] Company Summary - The company anticipates a net profit attributable to shareholders of the parent company to be between 84 million to 113 million yuan for 2025 [2] - The decline in profit is attributed to the cyclical adjustment in the coal industry and the accelerated transformation of the energy structure, leading to cautious investment decisions from major clients [2] - Capital expenditure has tightened, resulting in a reduced overall market demand for the company's products [2] - Increased competition in the industry has prompted the company to adjust its pricing strategy to maintain market share, which has led to a reduction in revenue scale and a decrease in gross margin for main business products [2]