海程邦达(603836.SH)：预计2025年度净利润同比减少63.63%到70.90%

Core Viewpoint - The company, Haicheng Bangda (603836.SH), anticipates a significant decline in net profit for the fiscal year 2025, primarily due to adverse market conditions affecting its air freight business [1] Financial Performance - The estimated net profit attributable to the parent company for 2025 is projected to be between 24 million to 30 million yuan, representing a year-on-year decrease of 63.63% to 70.90% [1] - The net profit excluding non-recurring gains and losses is expected to range from 11 million to 16 million yuan, reflecting a year-on-year decline of 82.00% to 87.62% [1] Business Challenges - The company faces significant losses in its air freight charter business due to low international air freight prices and a decrease in air freight demand caused by changes in global trade policies, leading to an overall shift from profit in 2024 to losses in 2025 [1] - To address the challenging operating environment, the company is optimizing its customer structure and enhancing the management of accounts receivable, while also increasing provisions for credit impairment [1]