力芯微(688601.SH)：预计2025年归母净利润为3414万元到3714万元，同比减少70.49%到72.87%

Core Viewpoint - The company, Lixin Micro (688601.SH), expects a significant decline in net profit for the year 2025, projecting a decrease of approximately 70.49% to 72.87% compared to the previous year, primarily due to external market challenges and increased competition [1] Group 1: Financial Performance - The projected net profit attributable to the parent company for 2025 is estimated to be between 34.14 million to 37.14 million yuan, a decrease of 88.72 million to 91.72 million yuan year-on-year [1] - The expected net profit after deducting non-recurring gains and losses for 2025 is forecasted to be between 15 million to 18 million yuan, representing a decline of 86.97 million to 89.97 million yuan year-on-year [1] Group 2: Business Impact - The company's main business has been affected by weak external market demand, fluctuations in supply chain costs, and intensified industry competition, leading to a slight decrease of approximately 2.41% in operating revenue despite an increase in sales volume [1] - The gross profit margin has declined compared to the same period last year, contributing to the significant reduction in net profit [1] Group 3: R&D and Marketing Expenses - The company has significantly increased its R&D expenses during the reporting period, which, while putting short-term pressure on profit levels, is aimed at enhancing the technical reserve system and upgrading the product matrix [2] - To respond to market dynamics and seize potential development opportunities, the company has expanded its sales team, resulting in an increase in sales expenses [2]