Core Viewpoint - The company, Dongfang Electric Heating, anticipates a significant decline in net profit for the year 2025, with projections indicating a decrease of 45.03% to 56.02% compared to the previous year [1] Financial Performance - The expected net profit attributable to shareholders for 2025 is projected to be between 139.75 million and 174.68 million [1] - The net profit after deducting non-recurring gains and losses is estimated to be between 100.72 million and 135.65 million, reflecting a year-on-year decrease of 52.88% to 65.01% [1] Business Challenges - The decline in performance is attributed to cautious investment in the domestic polysilicon industry, leading to a reduction in orders for the company's new energy equipment business [1] - The company is closely monitoring the layout of well-known overseas enterprises in the photovoltaic industry chain and is accelerating the development of solid-state and semi-solid equipment [1] - Although the silicon-carbon anode equipment has been delivered, it has not yet contributed to profits in the 2025 fiscal year [1] Provisions and Non-Recurring Losses - From a cautious perspective, the company has made significant provisions for bad debts related to certain customers in the polysilicon industry [1] - The impact of non-recurring gains and losses on the company's net profit for 2025 is estimated to be approximately 39.03 million [1]