Core Viewpoint - The company, Shengjingwei, has announced an expected decline in annual net profit for 2025, indicating significant challenges in the blasting industry due to weak market demand and intense competition [1] Financial Performance - The projected net profit attributable to the parent company for 2025 is expected to be between 10 million and 15 million yuan, representing a decrease of 7.91 million to 12.91 million yuan compared to the previous year, which is a year-on-year decline of 34.53% to 56.35% [1] - The expected net profit after deducting non-recurring gains and losses for 2025 is forecasted to be between -1.5 million and 3.5 million yuan, reflecting a reduction of 6.4962 million to 11.4962 million yuan year-on-year, translating to a decline of 64.99% to 115.01% [1] Industry Context - The main reasons for the anticipated decrease in performance include stable sales of the company's primary products, but a decline in revenue and profit due to a downturn in the blasting industry, characterized by weak market demand, overcapacity, and fierce competition [1] - The overall economic operation of the blasting industry continues to show a downward trend, leading to a decrease in the average price of major products [1]

公司主要产品销量稳定，与上年基本持平，但营收、利润下降，主要原因是民爆行业市场需求不振、产 能过剩及行业内竞争激烈，民爆行业经济运行持续下行的态势导致主要产品均价下降。 格隆汇1月19日丨盛景微(603375.SH)公布，经财务部门初步测算，预计2025年年度实现归属于母公司所 有者的净利润1,000.00万元到1,500.00万元，与上年同期相比，将减少791.02万元到1,291.02万元，同比 减少34.53%到56.35%。预计2025年年度实现归属于母公司所有者的扣除非经常性损益的净利润-150.00 万元到350.00万元，与上年同期相比，将减少649.62万元到1,149.62万元，同比减少64.99%到115.01%。 ...

格隆汇1月19日丨盛景微(603375.SH)公布，经财务部门初步测算，预计2025年年度实现归属于母公司所 有者的净利润1,000.00万元到1,500.00万元，与上年同期相比，将减少791.02万元到1,291.02万元，同比 减少34.53%到56.35%。预计2025年年度实现归属于母公司所有者的扣除非经常性损益的净利润-150.00 万元到350.00万元，与上年同期相比，将减少649.62万元到1,149.62万元，同比减少64.99%到115.01%。 公司主要产品销量稳定，与上年基本持平，但营收、利润下降，主要原因是民爆行业市场需求不振、产 能过剩及行业内竞争激烈，民爆行业经济运行持续下行的态势导致主要产品均价下降。 ...