Core Viewpoint - The company, Huafeng Power Co., Ltd., is forecasting a significant decline in net profit for the first half of 2025, with expected figures down by 68% to 75.47% compared to the same period last year [2][4]. Group 1: Performance Forecast - The company anticipates a net profit attributable to shareholders of the parent company between 11.5 million and 15 million yuan for the first half of 2025, a decrease of 31.88 million to 35.38 million yuan from the previous year [2][4]. - The expected net profit after deducting non-recurring gains and losses is projected to be between 10.5 million and 13.5 million yuan, reflecting a decline of 32.07 million to 35.07 million yuan year-on-year [2][4]. Group 2: Previous Year’s Performance - In the same period last year, the total profit was 55.20 million yuan, with a net profit attributable to shareholders of the parent company at 46.88 million yuan [5]. - The net profit after deducting non-recurring gains and losses was 45.57 million yuan, with earnings per share recorded at 0.28 yuan [5][6]. Group 3: Reasons for Performance Decline - The decline in performance is primarily attributed to a significant drop in component revenue due to changes in demand in the heavy truck market, particularly a lack of demand for traditional diesel heavy trucks and the company's current lack of involvement in the new energy heavy truck component business [7]. - The company's operations in India have also been affected by strategic adjustments from a key client and changes in visa policies, leading to reduced operational income from the Indian subsidiary [7]. - There has been an increase in credit impairment losses related to accounts receivable compared to the previous year [8]. - A decrease in sales orders, lower capacity utilization, and increased unit manufacturing costs have also contributed to the anticipated decline in profit [9].