联发股份(002394.SZ)：预计2025年净利润同比增长38.92%～58.77%

Core Viewpoint - The company expects a significant increase in net profit for 2025, with projections indicating a growth of 38.92% to 58.77% compared to the previous year [1] Financial Performance - The estimated net profit attributable to shareholders for 2025 is between 28 million and 32 million, showing a year-on-year increase [1] - The net profit, excluding non-recurring gains and losses, is projected to be between 21.5 million and 25.5 million, reflecting a growth of 10.36% to 30.90% compared to the previous year [1] Key Drivers - The increase in net profit is primarily attributed to: 1. Non-recurring gains from trading financial assets amounting to approximately 100 million, which is an increase of about 120 million compared to the same period last year, contributing an additional 80 million to net profit [1] 2. A decrease in raw material prices, leading to an increase in the gross profit margin of orders [1]