3、报告期内，公司非经常性损益比上年同期减少。 4、报告期内，为保持技术优势，公司持续研发投入。 舜禹股份2025年三季报显示，前三季度公司主营收入4.31亿元，同比下降2.52%；归母净利润-1933.19万 元，同比下降242.09%；扣非净利润-2241.85万元，同比下降1368.49%；其中2025年第三季度，公司单 季度主营收入1.05亿元，同比下降22.59%；单季度归母净利润-880.0万元，同比下降26.71%；单季度扣 非净利润-921.44万元，同比下降0.72%；负债率53.42%，投资收益150.34万元，财务费用2763.54万元， 毛利率33.76%。 以上内容为证券之星据公开信息整理，由AI算法生成（网信算备310104345710301240019号），不构成 投资建议。 证券之星消息，舜禹股份发布业绩预告，预计2025年全年归属净利润亏损2000万元至3000万元。 公告中解释本次业绩变动的原因为： 1、报告期内，公司所处行业市场竞争进一步加剧，营业收入规模有所下降，项目毛利率有所降低。 2、报告期内，受国家财政经济环境的影响，财政拨付款项时间延长，导致应收坏账准备计提较多 ...

格隆汇1月28日丨舜禹股份(301519.SZ)公布，预计2025年归属于上市公司股东的净利润-3,000万元 ～-2,000万元，扣除非经常性损益后的净利润-3,500万元～-2,500万元。1、报告期内，公司所处行业市 场竞争进一步加剧，营业收入规模有所下降，项目毛利率有所降低。2、报告期内，受国家财政经济环 境的影响，财政拨付款项时间延长，导致应收坏账准备计提较多。3、报告期内，公司非经常性损益比 上年同期减少。4、报告期内，为保持技术优势，公司持续研发投入。 ...

南财智讯1月28日电，舜禹股份发布年度业绩预告，预计2025年全年归属于上市公司股东的净利润 为-3000万元—-2000万元；预计2025年全年归属于上市公司股东的扣除非经常性损益的净利润为-3500万 元—-2500万元。业绩变动原因说明：1、报告期内，公司所处行业市场竞争进一步加剧，营业收入规模 有所下降，项目毛利率有所降低。2、报告期内，受国家财政经济环境的影响，财政拨付款项时间延 长，导致应收坏账准备计提较多。3、报告期内，公司非经常性损益比上年同期减少。4、报告期内，为 保持技术优势，公司持续研发投入。 ...

Group 1 - The company Shunyu Co., Ltd. announced on January 28 that it expects a net profit loss attributable to shareholders of 20 million to 30 million yuan for the fiscal year 2025, compared to a profit of 13.6498 million yuan in the same period last year [1]

证券代码：301519 证券简称：舜禹股份 公告编号：2026-001 安徽舜禹水务股份有限公司 2025年度业绩预告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假记 载、误导性陈述或重大遗漏。 一、本期业绩预计情况 1、业绩预告期间 2025 年 1 月 1 日至 2025 年 12 月 31 日。 本业绩预告相关的财务数据未经注册会计师审计，公司已就本次业绩预告与为 公司年报提供审计服务的会计师事务所进行了预沟通，双方在本报告期的业绩预告 方面不存在重大分歧，具体数据以最终审计结果为准。 三、业绩变动原因说明 1、报告期内，公司所处行业市场竞争进一步加剧，营业收入规模有所下降，项 目毛利率有所降低。 2、报告期内，受国家财政经济环境的影响，财政拨付款项时间延长，导致应收 坏账准备计提较多。 3、报告期内，公司非经常性损益比上年同期减少。 4、报告期内，为保持技术优势，公司持续研发投入。 2、业绩预告情况：预计净利润为负值 （1）以区间数进行业绩预告的 单位：万元 | 项 目 | | 本报告期 | 上年同期 | | | --- | --- | --- | --- | --- | | 归 ...

Core Insights - The report emphasizes the ongoing prosperity in the commercial aerospace and military sectors, highlighting opportunities in overseas markets and the importance of technological advancements in the industry [2][3] Group 1: Industry Overview - The commercial aerospace sector is experiencing upward momentum, driven by SpaceX's advancements in reusable rocket technology, which could reduce space access costs by 100 times [13] - The military aviation sector is expected to benefit from increased demand for large aircraft and military trade, with significant growth anticipated in 2026 [14] - The report identifies a focus on supply chain reforms and the integration of AI technologies as key trends shaping the future of the defense and aerospace industries [15] Group 2: Investment Recommendations - The report recommends companies that align with the "S-curve" evolution, focusing on supply chain reforms and automation, including firms like航发动力 (Aero Engine Corporation) and 中航沈飞 (AVIC Shenyang Aircraft Corporation) [15] - Companies positioned for expansion in military trade and civil aviation, such as 国睿科技 (Guorui Technology) and 中国动力 (China Power), are highlighted for their growth potential [15] - Emerging industries like commercial aerospace, AI, and quantum computing are also recommended, with firms like 睿创微纳 (Ruichuang Micro-Nano) and 菲利华 (Feilihua) noted for their innovative capabilities [15] Group 3: Company Valuations and Financial Analysis - 航发动力 (Aero Engine Corporation) is projected to have a 2025E EPS of 0.22 CNY, with a PE ratio of 216.82 for 2025 [6] - 中航高科 (AVIC High-tech) is expected to achieve a 2025E EPS of 0.90 CNY, with a PE ratio of 29.16 for 2025 [6] - The report provides detailed financial metrics for various companies, indicating growth in EPS and improvements in PE ratios across the sector, reflecting a positive outlook for the defense and aerospace industries [6]

Core Viewpoint - The company's stock price is influenced by multiple factors including macroeconomic conditions, industry policies, and market environment, leading to uncertainty [2] Group 1: Company Operations - The company has established subsidiaries that are now operational, and business is steadily progressing [2] - The company emphasizes market value management and is focused on enhancing its core competitiveness [2] Group 2: Performance and Strategy - The company aims to improve its performance levels and maintain standardized operations for stable management [2] - The long-term goal is to lay a foundation for market value enhancement [2]

Core Insights - The commercial aerospace industry in China is experiencing significant growth, with an annual increase of over 20%, projected to reach between 7 trillion to 10 trillion yuan by 2030. The formal inclusion of commercial aerospace in the national space development plan by the end of 2025 highlights its strategic importance and potential [1]. Group 1: Industry Growth and Events - Major cities like Beijing, Shanghai, and Shenzhen are hosting commercial aerospace exhibitions, which serve as indicators of industry development and resource aggregation [1][2]. - The third Beijing Commercial Aerospace Industry High-Quality Development Conference and the 2026 Beijing International Commercial Aerospace Exhibition will take place from January 23 to 25, featuring over 300 global companies, including major domestic players [1][2]. Group 2: Regional Development and Policies - Beijing's Yizhuang area is a key hub for the commercial aerospace industry, housing over 180 companies, with a significant concentration of commercial rocket enterprises [2]. - Recent policies in Beijing and Shanghai aim to accelerate the development of the commercial aerospace sector, including action plans for innovation and advanced manufacturing clusters [3]. Group 3: Regional Strategies and Goals - Shaanxi and Sichuan provinces are leveraging their unique resources to develop differentiated paths in the commercial aerospace sector, with Shaanxi aiming to establish a 100 billion yuan industry by 2030 [4]. - Shaanxi's action plan includes the establishment of over 200 enterprises in the commercial aerospace sector by 2030, supported by a robust industrial ecosystem [4][5]. - Chengdu is also actively developing its commercial aerospace capabilities, with plans to reach a scale of 50 billion yuan by 2027, focusing on satellite applications and core electronic components [5][6].

Market Overview - A-shares experienced a collective pullback on January 13, with the Shanghai Composite Index ending a 17-day winning streak, closing down 0.64% [1] - The total trading volume in the Shanghai and Shenzhen markets reached a historical high of 3.7 trillion [1] Sector Performance - Significant declines were observed in various sectors, including commercial aerospace, satellite internet, and military industries, with many stocks dropping over 8% [3] - The large aircraft and military sectors also faced downturns, with several stocks hitting the daily limit down [3] - The commercial aerospace index fell by 6.15%, with a net outflow of 230.78 billion [4] Individual Stock Movements - Over 1,600 stocks rose, with more than 70 stocks hitting the daily limit up, while the commercial aerospace sector saw over 60 stocks limit down or drop more than 10% [3] - Specific stocks such as Aerospace Electronics and Beidou Star Communication experienced significant declines, with many stocks in the sector down by nearly 10% [7] Investment Insights - Analysts suggest that the current market sentiment may indicate a nearing peak, with potential for further structural upward trends despite short-term volatility [12] - Key investment strategies include avoiding speculative risks in popular sectors, focusing on policy-driven industries, and maintaining diversified portfolios to balance risk and return [14] - The emphasis is on sectors with strong earnings growth and valuation alignment, particularly in technology manufacturing and innovative healthcare [14]

Market Overview - The A-share ChiNext index experienced a pullback after an initial rise, with a drop exceeding 1% at one point. The total trading volume in the Shanghai and Shenzhen markets reached 2.44 trillion yuan, an increase of 128.3 billion yuan compared to the previous trading day. Over 2800 stocks in the market declined [1]. Sector Performance - The AI application sector continued to show strong performance, with over ten constituent stocks hitting the daily limit. Notable stocks include Ingrity Media, Lioo Co., and Provincial Advertising Group, all of which reached the limit. The AI medical sector was also active, with Meinian Health and Dean Diagnostics achieving three consecutive limit-ups, while Hongbo Pharmaceutical saw a 20% increase [3]. - In contrast, the commercial aerospace sector exhibited mixed performance. Stocks such as Shaoyang Hydraulic, Aerospace Changfeng, and Aerospace Technology fell over 10%, while Shaanxi Huada and Electronic Science & Technology Chip reached the limit. China Satellite and Star Map Control experienced significant fluctuations during the trading session [3]. Decline in Specific Concepts - The controlled nuclear fusion concept saw a collective decline, with stocks like Zhongzhou Special Materials and Prince New Materials experiencing significant drops. By the end of the trading session, the Shanghai Composite Index fell by 0.03%, the Shenzhen Component Index decreased by 0.31%, and the ChiNext Index dropped by 0.83% [4].