钜泉科技：2025年全年净利润同比预减46.58%—59.40%

Core Viewpoint - Jiuquan Technology expects a significant decline in net profit for 2025, forecasting a decrease of 46.58% to 59.40% compared to the previous year, primarily due to market challenges in the semiconductor sector and increased competition [1] Group 1: Financial Performance - The company anticipates a net profit attributable to shareholders of 38 million to 50 million yuan for 2025 [1] - The expected net profit excluding non-recurring gains and losses is projected to be between 10 million and 20 million yuan, reflecting a year-on-year decrease of 61.94% to 80.97% [1] Group 2: Business Impact - Despite rapid growth in the Chinese semiconductor market, the company's shipment volumes of metering chips and MCU chips have declined due to project cycle adjustments in the smart meter sector and industry destocking [1] - Increased market competition has pressured chip sales prices, leading to a decrease in both revenue and gross margin compared to the previous year [1] Group 3: Strategic Response - In response to market changes, the company is increasing its R&D investment in chips for the smart grid sector and actively developing battery management chips, with R&D expenses expected to rise by approximately 5 million yuan compared to the previous year [1] - A reduction in the company's financial scale has resulted in decreased returns from financial products offered by banks and other institutions, with a decline of about 8 million yuan in financial management income compared to the previous year [1]