华明装备：2025年度归母净利润7.08亿元，同比增长15.29%

Core Viewpoint - The company reported a revenue of 2.425 billion yuan for the year 2025, marking a year-on-year growth of 4.43% [1] - The net profit attributable to shareholders reached 708 million yuan, reflecting a year-on-year increase of 15.29% [1] - The net profit after deducting non-recurring gains and losses was 676 million yuan, up 16.15% year-on-year [1] Revenue Breakdown - The core business of power equipment generated revenue of 2.1 billion yuan, showing a year-on-year growth of approximately 16%, and for the first time, it surpassed 2 billion yuan [1] - Revenue from overseas customers in the power equipment segment (including direct and indirect exports) increased by about 47% year-on-year [1] - The CNC equipment business achieved revenue of 244 million yuan, with a year-on-year growth of approximately 40%, and export revenue surged by about 233% [1] - Revenue from the power engineering business was 29 million yuan, which represents a year-on-year decrease of approximately 90% [1]