格隆汇1月27日丨泰嘉股份(002843.SZ)公布，预计2025年归属于上市公司股东的净利润-3,200万元 ～-2,250万元，扣除非经常性损益后的净利润-3,050万元～-2,150万元。报告期内，公司以"战略突破、 产品领先、全球经营、组织驱动"为战略主轴，对内狠抓产品质量，对外积极拓展市场，锯切营业收入 保持一定幅度增长。同时，2025年度是锯切业务板块战略布局年，新设德国销售子公司，推进泰国基地 项目建设，新增圆锯片项目，投产合金钢带项目。上述新业务、新项目开展新增了部分成本费用，对当 年度利润数据产生一定影响。 报告期内，公司积极调整电源业务板块的经营策略，通过组织变革、运营优化、节流开源，降低运营成 本。但受消费电子行业竞争日益加剧，叠加客户订单结构调整影响，公司消费电子电源业务营业收入出 现一定程度下降。同时，受光伏新能源行业持续低迷、仍处于去库存与产能调整期等因素影响，公司光 伏新能源电源产品价格承压，主动调整大功率电源业务订单结构，减少部分边际贡献低的业务，大功率 电源业务营业收入出现下降。报告期末，公司根据《企业会计准则》相关规定，遵循审慎性原则，将对 存在减值迹象的子公司长沙铂泰电子 ...

Core Viewpoint - The company aims to improve its customer structure and product categories in the consumer electronics sector, focusing on the development of key products to enhance profitability in its power supply business [1]. Group 1: Business Performance - In the saw cutting sector, the company maintained stable revenue of 669 million, with a gross margin of 43.41%, indicating good profitability [2]. - The subsidiary, Meite Sen, achieved revenue of 103 million, reflecting a year-on-year growth of 11.45% [2]. - The company has strengthened its integrated cooperation model with manufacturers, fostering a positive industrial ecosystem [2]. Group 2: Product Development - The company successfully developed a toothless product, TCB-EMP, and achieved revenue of 413 million from mid-to-high-end saw cutting products, with hard alloy band saws and wide band saws growing by 2.42% and 2.12% respectively [3]. - The company has established sales partnerships with over 50 countries and regions, leveraging product quality and production capacity to expand its international market presence [3]. Group 3: Power Supply Business - The power supply business experienced a revenue decline due to increased competition and capacity ramp-up, but the AI terminal trend is expected to drive demand [4]. - The company reported a revenue of 176 million from its high-power power supply business, marking a year-on-year growth of 30% [4]. - The company has made significant shipments in smart photovoltaic and energy storage products, positioning itself to capitalize on opportunities in data center power and charging station sectors [4]. Group 4: Future Growth Potential - The company has obtained IATF16949 automotive certification, indicating that automotive power supplies could become a new growth point [5]. - The company is expanding its workforce in the high-power power supply sector and accelerating the development of key products such as 40KW air-cooled charging modules and 4000W power modules [5].