Core Viewpoint - Deutsche Bank Tianxia (02418) expects a significant decline in net profit for the fiscal year ending December 31, 2025, projecting a range of approximately RMB 45 million to RMB 55 million, which represents a decrease of about 65% to 71% compared to the net profit of RMB 157 million for the fiscal year ending December 31, 2024 [1] Group 1: Financial Projections - The projected net profit for 2025 is estimated to be between RMB 45 million and RMB 55 million [1] - This represents a substantial decrease of approximately 65% to 71% from the previous year's net profit of RMB 157 million [1] Group 2: Reasons for Profit Decline - Increased competition in the domestic financing leasing and supply chain logistics industries is a primary factor contributing to the expected decline in net profit [1] - To enhance competitiveness in response to market conditions, the company has increased its investment in business policy costs, leading to higher operational costs and a reduction in overall business gross margin compared to the previous year [1] - The company has also raised the general provision for impairment of accounts receivable and specific credit impairment provisions for individual clients due to changes in overall market risk, which has further impacted overall profit performance [1]
德银天下(02418)发盈警 预计2025年度净利润将为约4500万元至5500万元 同比减少约65%至71%