Core Viewpoint - The company, Xingye Alloy (00505.HK), expects a significant decrease of approximately 50% in the profit attributable to equity shareholders for the fiscal year ending December 31, 2025, compared to the expected profit of RMB 241.2 million for the fiscal year ending December 31, 2024 [1] Group 1: Profit Forecast - The anticipated profit for the fiscal year 2025 is expected to be substantially lower due to several factors [1] Group 2: Contributing Factors - The company has incurred significant losses due to the rapid increase in copper prices in the fourth quarter of 2025, as it uses copper futures contracts to hedge against price volatility [1] - Increased labor costs resulting from the hiring of new employees and salary adjustments have contributed to the profit decline [1] - The acquisition of new equipment and other infrastructure has led to higher depreciation costs [1] - The cancellation of certain export tax rebate policies by the Chinese government has resulted in reduced gross margins for overseas sales of copper products [1]