固德威：预计2025年将实现净利1.25亿-1.62亿

Core Viewpoint - The company, Goodwe (688390), is expected to turn a profit in 2025, with projected net profit ranging from 125 million to 162 million yuan, marking a significant improvement compared to the previous year's loss [1][2]. Financial Performance - The estimated net profit attributable to the parent company for 2025 is projected to be between 125 million and 162 million yuan, an increase of 186.81 million to 223.81 million yuan compared to the previous year [1][2]. - The estimated net profit attributable to the parent company, excluding non-recurring gains and losses, is expected to be between 34 million and 71 million yuan, representing an increase of 227.57 million to 264.57 million yuan compared to the previous year [1][2]. Previous Year Performance - In the previous year, the total profit was -66.76 million yuan, with a net profit attributable to the parent company of -61.81 million yuan, and a net profit excluding non-recurring gains and losses of -193.57 million yuan [4]. Reasons for Improvement - The company benefited from a surge in domestic photovoltaic installations, the implementation of household storage subsidy policies in Australia, and the European market recovering from inventory adjustments, leading to significant increases in sales and gross profit of inverters and energy storage batteries [5]. - The company has increased its R&D investment and optimized its global market layout, which, despite a year-on-year increase in operating expenses, has effectively enhanced overall profitability through revenue growth and product structure optimization [5].