Group 1 - The company Tianhua New Energy expects a net profit of 365 million to 435 million yuan for the fiscal year 2025, representing a year-on-year decline of 47.83% to 56.23% [1] - The primary reason for the performance change is the structural imbalance in the supply side of the industry, which has led to a decrease in the average selling price of the company's main product, lithium hydroxide, compared to the same period last year [1]

Core Viewpoint - Tianhua New Energy has announced its annual performance forecast, expecting a significant decline in net profit for 2025 due to structural imbalances in the industry supply side and a decrease in the average selling price of its main product, lithium hydroxide [1] Group 1: Financial Performance - The company anticipates a net profit attributable to shareholders of 365 million to 435 million yuan for 2025, representing a year-on-year decrease of 47.83% to 56.23% [1] - The expected net profit after deducting non-recurring gains and losses is projected to be between 150 million and 180 million yuan, reflecting a year-on-year decline of 59.17% to 65.97% [1] Group 2: Industry Context - The performance changes are primarily attributed to structural imbalances in the supply side of the industry, which have negatively impacted the pricing of lithium hydroxide [1]