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Ousheng Electric: Net profit expected to decrease by 55%—70% year-on-year by 2025
People’s Finance News, April 8 — Ousheng Electric (301187)4 reported its earnings forecast on April 8. The company expects that in 2025, its net profit attributable to shareholders of the listed company will be 76.0342 million yuan–114 million yuan, representing a year-on-year decrease of 55%–70%. In 2025, to advance its globalization strategy, the company will add new wholly-owned overseas subsidiaries through establishing and acquisitions, thereby improving its global business layout. Because the relevant overseas subsidiaries are in the initial stage of integration, the accounting of various expenses in the early period has not yet been fully sorted out. In addition, the rapid expansion into non-U.S. markets increased selling expenses, leading to a year-on-year increase in period expenses for this period, which has had a certain impact on performance.