NBSS(SH:600884) 起点锂电·2026-02-01 09:36Core Viewpoint - The company is expected to achieve a net profit attributable to shareholders of 400 million to 600 million yuan in 2025, marking a turnaround from losses in the previous year [2]. Group 1: Business Performance - The core businesses of negative electrode materials and polarizers are projected to maintain steady growth in sales, with combined net profits expected to reach 900 million to 1.1 billion yuan [3]. - The negative electrode materials business benefits from strong demand in the downstream electric vehicle and energy storage markets, leading to significant year-on-year sales growth and further consolidation of its industry-leading position [3]. - The company is optimizing production processes and enhancing cost management, resulting in a notable increase in overall profits for the negative electrode materials business [3]. Group 2: Polarizer Business - The polarizer business remains a market leader, achieving growth in both scale and profitability through high-end product focus and refined operations [4]. - The company is optimizing its product structure towards high-value areas such as large-size LCD TVs and OLED TVs, which has led to significant increases in sales and average prices of high-end products [4]. - Cost control measures and product structure upgrades have contributed to improved gross margins, alongside steady sales growth in the polarizer business [4].