Huayang Transmission: Net profit loss of 24.87 million yuan in 2025, a year-on-year decrease of 52.52%

Huayang Transmission Announcement: It is expected that in 2025, the operating revenue will reach 315 million yuan, a year-on-year decrease of 38.47%; the net profit will show a loss of 24.8706 million yuan, a year-on-year decrease of 52.52%. The main reasons for the company’s performance changes during the reporting period are: (1) The company’s gross profit has significantly declined: It is expected that in 2025, the company will achieve a gross profit of 1.704 million yuan, a decrease of 2.19113 million yuan compared to 23.6153 million yuan in the same period last year. The main reason for the performance change: The revenue from new energy products did not meet expectations, and the scale effect has not yet been fully released, resulting in high unit costs; at the same time, the company is in the transition phase from traditional fuel vehicle parts to new energy vehicle parts, and the depreciation costs from new equipment and other fixed assets have increased, further compressing the gross profit space; (2) Based on the principle of accounting prudence, provisions for inventory and fixed asset impairment losses have been made, which directly reduced the net profit during the reporting period.