LME(SH:688589) Ge Long Hui·2026-01-30 08:45Core 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 company anticipates an annual revenue of RMB 340 million to 370 million for 2025, representing a decrease of RMB 177 million to 209 million, or a decline of 32.58% to 38.05% year-on-year [1] - The expected net profit attributable to the parent company is projected to be between RMB 17 million and 22 million, down by RMB 62.34 million to 67.34 million, reflecting a year-on-year decrease of 73.91% to 79.84% [1] - The net profit excluding non-recurring gains and losses is forecasted to be between RMB 4.5 million and 6.5 million, which is a reduction of RMB 69 million to 71 million, indicating a decline of 91.39% to 94.04% year-on-year [1] Business Segment Analysis - The decline in performance is attributed to a decrease in the operating results 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 its R&D investment, leading to increased R&D expenses year-on-year [1] - Despite the overall decline, revenue from non-grid IoT-related operations has grown by over 30% during the reporting period [1]