海天股份：2025年净利同比预降33.40%~45.54%

Core Viewpoint - Haitan Co., Ltd. (603759.SH) announced a profit forecast for 2025, expecting a net profit attributable to shareholders of between 166 million to 203 million yuan, representing a decrease of 33.40% to 45.54% compared to the same period last year [1] Financial Performance - The projected net profit for 2025 is significantly lower than the previous year, indicating a challenging financial outlook for the company [1] - The increase in accounts receivable due to difficulties in government project payments has negatively impacted the company's financial performance [1] - Revenue from sewage treatment projects has decreased due to price adjustments, contributing to the decline in net profit [1] Cost Factors - The acquisition of new energy materials business has led to an increase in financial and intermediary costs, further affecting the company's profitability [1]