横店东磁（002056）曾不断创下新高的净利润数据，预计在2025年三季度小幅下降。业内人士称，在美 国关税政策阴影下，横店东磁在印尼的光伏业绩面临较大不确定性。 10月13日，横店东磁（证券代码：002056）公布了前三季度业绩预告。数据显示，今年前三个月，其归 属于上市公司股东的净利润预计为13.9亿元—15.3亿元，同比增长50.1%—65.2%。 | 项目 | | 本报告期(2025年1-9月) | | 上年同期 | | --- | --- | --- | --- | --- | | 归属于上市公司 股东的净利润 | | 139,000.00 | 153,000.00 | 92.632.08 | | | 比上年同期 增长 | 50.1% | 65.2% | | | 扣除非经常性损 益后的净利润 | | 140,000.00 | 153,000.00 | 88.513.45 | | | 比上年同期 增长 | 58.2% | 72.9% | | | 基本每股收益 (元/股) | | 0.87 | 0.95 | 0.57 | 对于业绩变动原因，横店东磁表示系公司在磁材产业、光伏产业、锂电产业三大业务板块布局 ...

Group 1: Financial Performance - The company achieved a revenue of 11.94 billion CNY in the first half of the year, with a net profit attributable to shareholders of 1.02 billion CNY, representing a year-on-year growth of approximately 59% [2] - The net cash flow from operating activities was 1.7 billion CNY, with a weighted average return on equity of 9.84% [2] Group 2: Business Segment Performance - The magnetic materials segment generated a revenue of 2.371 billion CNY, with a slight year-on-year increase and a shipment of 107,300 tons [3] - The photovoltaic segment reported a revenue of 8.054 billion CNY, showing a year-on-year growth of 36.58%, with shipments of 13.4 GW, an increase of over 65% [4] - The lithium battery segment achieved a revenue of 1.286 billion CNY, with shipments exceeding 300 million units, reflecting a year-on-year growth of 12.25% [4] Group 3: Market Dynamics and Pricing - The company noted that the price transmission in the market is still not fully market-oriented, with domestic acceptance of price increases remaining low [5][6] - The company is preparing for potential impacts from the U.S. anti-dumping and countervailing investigations against Indonesia, having already assessed risks and prepared responses [7][8] - The company has established strategic inventory to mitigate the impact of rising silicon prices, expecting continued support for component profitability in the second half of the year [9] Group 4: Product Development and Strategy - The company aims to achieve a TOPCon module power of 650W by the end of the year, with half of the capacity already capable of producing 640-645W [10] - The company has completed technical preparations for full ear technology and will evaluate mass production investment based on market demand and capital returns [12] - The magnetic materials segment has seen significant growth in AI server-related products, with monthly revenues increasing from millions to tens of millions [12] Group 5: Dividend Policy - The company has implemented cash dividends since its listing, with cumulative amounts reaching 3.76 billion CNY, and plans to continue a high proportion of cash dividends in the future [12]