股市必读：龙建股份发布2025年度业绩快报，盈利4.045亿元

Core Viewpoint - Longjian Road and Bridge Co., Ltd. (龙建股份) is experiencing a slight decline in net profit and revenue for the year 2025, while maintaining a stable asset growth and focusing on optimizing its capital structure and expanding into new business areas [2][3][6]. Trading Information Summary - On December 31, 2025, Longjian shares closed at 4.33 yuan, up 2.61%, with a turnover rate of 4.09%, trading volume of 414,600 shares, and a total transaction value of 178 million yuan [1]. - The net inflow of main funds was 21.43 million yuan, accounting for 12.06% of the total transaction value, while retail investors saw a net outflow of 13.77 million yuan, representing 7.75% of the total [1]. Performance Disclosure Summary - The estimated net profit attributable to shareholders for 2025 is 404.5 million yuan, a decrease of 2.05% year-on-year [2][6]. - Total operating revenue is projected to be 1,768.49 million yuan, down 3.31% year-on-year, with operating profit at 50.38 million yuan, a decline of 3.69% [2][6]. - Total assets at the end of the reporting period are 3,880.32 million yuan, an increase of 3.44% from the beginning of the year, while equity attributable to shareholders grew by 9.82% to 405.58 million yuan [2][6]. Institutional Research Summary - The company has received approval from the CSRC for the issuance of convertible bonds, with the issuance process actively progressing [3][5]. - The business structure is divided into domestic (60%), foreign (30%), and overseas markets (10%), with significant projects located in regions such as Xinjiang, Henan, Shandong, and Hainan, as well as overseas in Africa, West Asia, and Mongolia [3]. - The company is focusing on its core business while exploring extensions into green building materials, high-standard farmland, and franchising [3]. - The company is working on optimizing its capital structure, with a decreasing debt-to-asset ratio, which is characteristic of the industry [3]. - The company maintains a competitive advantage through its self-managed construction system, brand reputation, advanced equipment, and professional team, capable of providing full industry chain services [3].