Shengye Electric: It is expected that the net profit will decrease by more than 50% compared to 2025.

Shengye Electrical announced that it is expected that the net profit for the year 2025 will be between 17.5 million and 22.5 million yuan, a decrease of 63.52% to 53.10% compared to the previous year. The main reasons for the company's declining performance during the reporting period are: firstly, a decrease in revenue, with the overall sales volume decreasing due to external demand fluctuations in the household appliance sector; the new energy sector has experienced pressure on gross profit margins due to industry competition, leading the company to voluntarily give up low-profit market share, resulting in a contraction of revenue. The decline in sales revenue in the two core sectors directly led to a decrease in the company's revenue scale. Secondly, the market prices of copper, aluminum, tin and other metal materials have significantly increased, leading to a rise in the company's raw material procurement costs and a continual narrowing of profit margins.