AUX ELECTRIC (02580) is expected to have a net profit attributable to shareholders of approximately RMB 2.2 billion in 2025, a year-on-year decrease.
Oakes Electrical (02580) announced that the group expects to achieve revenue of approximately RMB 30 billion for the year ending December 31, 2025, compared to revenue of RMB 29.759 billion for the year ending December 31, 2024. The group also expects the attributable net profit for the year ending December 31, 2025 to be approximately RMB 2.2 billion, compared to RMB 2.91 billion for the year ending December 31, 2024. The decrease in profit is mainly due to the continuous rise in raw material prices, high channel inventory levels, and weak end consumer demand. These challenges further intensify domestic competition, putting downward pressure on air conditioning prices and leading to a decrease in the group's gross profit margin.
AUX ELECTRIC (02580) announced that the group expects to achieve revenue of approximately RMB 30 billion for the year ending December 31, 2025, compared to revenue of RMB 29.759 billion for the year ending December 31, 2024. The group also expects the net profit attributable to owners of the company for the year ending December 31, 2025 to be around RMB 2.2 billion, while it was RMB 2.91 billion for the year ending December 31, 2024. The decrease in profit is mainly due to the continuous increase in raw material prices, high channel inventory levels, and weak end consumer demand. These challenges further intensify domestic competition, leading to downward pressure on air conditioning prices and causing a decrease in the group's gross profit margin.
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