奥特维(688516.SH)：预计2025年净利润同比减少55.12%到66.17%

Core Viewpoint - The company, Aotwei (688516.SH), is expected to experience a significant decline in revenue and net profit for the year 2025 due to cyclical impacts in the photovoltaic industry and extended equipment acceptance times [1] Financial Performance - Projected operating revenue for 2025 is estimated to be between 6.393 billion and 6.741 billion yuan, representing a year-on-year decrease of 26.71% to 30.50% [1] - The net profit attributable to the parent company is forecasted to be between 431 million and 571 million yuan, reflecting a year-on-year decline of 55.12% to 66.17% [1] - The net profit attributable to the parent company after deducting non-recurring gains and losses is expected to range from 394 million to 534 million yuan, indicating a year-on-year decrease of 56.84% to 68.20% [1] Industry Impact - The photovoltaic equipment business of the company continues to decline without any significant signs of improvement, primarily due to the cyclical nature of the photovoltaic industry [1] - The prolonged equipment acceptance times have led to a substantial drop in operating revenue compared to the same period last year, which directly impacts the company's gross profit [1] - The decrease in operating revenue has also resulted in a significant decline in net profit, exacerbated by the impact of impairment provisions [1]