LME(SH:688589) Shang Hai Zheng Quan Bao·2026-02-27 21:07Core Viewpoint - The company reported a significant decline in both revenue and net profit for the year 2025, primarily due to reduced procurement scale and bidding rhythm in the smart grid market, while also focusing on expanding its IoT-related business [3][4]. Financial Data and Indicators - The company achieved an operating income of 357.88 million yuan, a decrease of 34.79% compared to the previous year [3]. - The net profit attributable to the parent company was 20.92 million yuan, down 75.19% year-on-year [3]. - The net profit attributable to the parent company after deducting non-recurring gains and losses was 5.89 million yuan, a decline of 92.20% compared to the previous year [3]. - The company’s total assets at the end of the reporting period were 1.49 billion yuan, a decrease of 3.11% from the beginning of the year [3]. - The equity attributable to shareholders of the listed company was 1.05 billion yuan, down 2.33% from the beginning of the year [3]. Operational Performance and Financial Condition - The decline in operating performance was mainly attributed to the decrease in the smart grid market's procurement scale and bidding rhythm, which negatively impacted revenue [4]. - The company is strategically focusing on the development of chip products in the non-grid IoT sector, leading to over 30% growth in related business revenue [3]. - As of the end of 2025, the company had a solid order backlog amounting to 242.56 million yuan, providing a strong foundation for future operations [3].