华测导航(300627.SZ)：预计2025年净利润同比增长14.84%～18.27%

Core Viewpoint - The company, Huace Navigation, expects a net profit attributable to shareholders of 670 million to 690 million yuan for 2025, representing a year-on-year growth of 14.84% to 18.27% [1] Financial Performance - The company achieved a steady growth in net profit attributable to shareholders and net profit after deducting non-recurring gains and losses, with expected figures of 598 million to 618 million yuan, reflecting a growth of 18.70% to 22.67% year-on-year [1] - The impact of non-recurring gains and losses on the current net profit is estimated to be around 72 million yuan [1] Strategic Initiatives - The company adheres to a globalization strategy and focuses on developing popular products, actively expanding industry applications in sectors such as robotics, autonomous driving, and geospatial information, which are experiencing rapid growth [1] - Despite facing temporary pressure in the domestic market and monitoring business, the company is concentrating resources on expanding overseas markets, which have shown sustained rapid revenue growth and significant future growth potential [1] - High levels of R&D investment are maintained to build core technological barriers and enhance product competitiveness, facilitating rapid business expansion across various industry markets [1] Cost Considerations - The implementation of the company's equity incentive plan has resulted in share-based payment expenses of approximately 44 million yuan, which has been accounted for in the current report period [1]