LME(SH:688589) Ge Long Hui A P P·2026-01-30 08:41Core Viewpoint - The company, Lihe Micro (688589.SH), expects a significant decline in both revenue and net profit for the fiscal year 2025 compared to the previous year, primarily due to reduced procurement in the smart grid market and increased R&D expenses in the IoT sector [1] Financial Performance Summary - The projected revenue for 2025 is estimated to be between RMB 340 million and RMB 370 million, representing a decrease of RMB 177 million to RMB 209 million, or a year-on-year decline of 32.58% to 38.05% [1] - The expected net profit attributable to the parent company for 2025 is forecasted to be between RMB 17 million and RMB 22 million, which is a reduction of RMB 62.34 million to RMB 67.34 million, translating to a year-on-year decline of 73.91% to 79.84% [1] - The anticipated net profit excluding non-recurring gains and losses is projected to be between RMB 4.5 million and RMB 6.5 million, indicating a decrease of RMB 69 million to RMB 71 million, or a year-on-year decline of 91.39% to 94.04% [1] Business Segment Analysis - The decline in performance is attributed to a decrease in the operating performance of the company's grid segment due to reduced bidding and procurement scale in the smart grid market [1] - The company is focusing on strategic development by increasing the application of chip products in non-grid IoT fields and has significantly raised R&D investments, leading to increased R&D expenses [1] - Despite the overall decline, revenue from non-grid IoT-related operations has grown by over 30% during the reporting period [1]