Core Viewpoint - The company, Lianyu Co., Ltd. (001326.SZ), forecasts a significant decline in net profit for the year 2025, primarily due to increased supply chain costs and intensified industry competition [1] Financial Performance - The expected net profit attributable to shareholders for 2025 is projected to be between 22.88 million and 29.74 million yuan, representing a year-on-year decrease of 70.65% to 77.42% [1] - The forecasted net profit after deducting non-recurring gains and losses is estimated to be between 19.80 million and 26.66 million yuan, reflecting a decline of 69.18% to 77.12% compared to the previous year [1] Operational Challenges - The primary reasons for the decrease in net profit include the impact of U.S. tariff policies and trade frictions, which have led the company to actively establish overseas production bases and increase supply chain costs [1] - The company's main product gross margins have declined due to intensified competition in the industry, compressing profit margins [1] - The Zhongshan production base, which is set to be operational in 2024, has not yet achieved optimal scale effects, resulting in higher fixed costs per product due to significant new fixed asset investments [1] Strategic Investments - The company is investing heavily in attracting top talent, enhancing research and development, and improving production automation levels [1] - Additionally, the company is expanding into new sectors such as charging piles and energy storage, which has led to increased period expenses [1]
联域股份(001326.SZ)：预计2025年度净利润同比下降70.65%-77.42%