Fangzheng Electric: Expected net profit for 2025 is 18-27 million yuan, turning losses into profits year-on-year.

Fangzheng Electric Motor announced that it is expected to achieve a net profit of 18-27 million yuan in 2025, compared to a loss of 28.3453 million yuan in the same period last year. The expected operating income is 2.9-2.86 billion yuan, compared to 2.474 billion yuan in the same period last year. With the increase in downstream customer mass production projects and demand, the company's overall operating income is expected to increase compared to the same period last year. Although the market competition is fierce and some product sales prices have decreased, the company's overall sales gross margin is basically flat compared to last year, as the company continues to optimize its customer and product structure and implement multiple cost reduction measures. In addition, the significant growth in the performance of joint ventures has driven the increase in investment income compared to the same period.