Core Viewpoint - The company forecasts a significant decline in net profit for the year 2025, with expected reductions of over 50% compared to the previous year, primarily due to decreased sales of traditional instant products [1][2][3] Financial Performance Forecast - The company anticipates a net profit attributable to shareholders of between 102 million to 125 million yuan for 2025, representing a decrease of 128 million to 151 million yuan, or a decline of 50.59% to 59.68% year-on-year [1][2] - The expected net profit, excluding non-recurring gains and losses, is projected to be between 77 million to 95 million yuan, down by 123 million to 141 million yuan, or a decrease of 56.42% to 64.68% year-on-year [2] Previous Year’s Financial Performance - In the previous year, the total profit was 307 million yuan, with a net profit attributable to shareholders of 253 million yuan and a net profit excluding non-recurring gains and losses of 218 million yuan [2] - The earnings per share for the previous year were 0.62 yuan per share [2] Reasons for Performance Decline - The company expects a revenue of approximately 2.927 billion yuan for 2025, a decrease of about 10.95% compared to the previous year, primarily due to a decline in sales of traditional instant products [3] - The sales window for traditional products has been shortened due to the timing of the Chinese New Year, leading to a year-on-year decline in sales during the first and fourth quarters of 2025 [3] - Despite the overall decline, the company's "second growth curve" in the ready-to-drink segment is expected to show steady growth, particularly from the Meco fruit tea sales [3]