四维图新：2025年全年净利润同比扭亏

Core Viewpoint - The company expects significant growth in net profit for 2025, while projecting a substantial loss in net profit after excluding non-recurring items, indicating a mixed financial outlook driven by revenue growth in data compliance services and automotive electronics [1] Group 1: Financial Performance - The company forecasts a net profit attributable to shareholders of 90.09 million to 117.12 million yuan for 2025, representing a year-on-year increase of 108.23% to 110.70% [1] - The expected revenue for 2025 is between 4.06 billion and 4.34 billion yuan, reflecting a year-on-year growth of 15.42% to 23.50% [1] - The projected net profit after excluding non-recurring items is a loss of 1.509 billion to 1.459 billion yuan, a decrease of 34.97% to 30.50% year-on-year [1] Group 2: Revenue Drivers - The significant revenue growth is attributed to the booming market for automotive assisted driving and the increasing demand for data compliance services, which includes data collection, anonymization, and application [1] - The company has a high market share in data compliance services, with substantial revenue growth expected from its Zhiyun segment in 2025 [1] - The automotive electronics chip business, particularly through Hefei Jiefa Technology, is expected to see increased revenue due to the launch of new high-performance MCU chips [1] Group 3: Investment and R&D - The company completed a cash subscription of 250 million yuan for preferred shares issued by Jianzhiz Cayman and injected 1.55 billion yuan worth of equity into Jianzhiz Cayman, resulting in significant investment income [1] - Despite the anticipated revenue growth, the company continues to face high R&D expenditures, which, along with non-main business investment income and asset impairment, contribute to the negative net profit after excluding non-recurring items [1]