公元股份：2025年净利润预计同比降66.39%-74.01%

Core Viewpoint - The company expects a significant decline in net profit for the year 2025, primarily due to a shrinking demand in the downstream real estate market and increased expenses from business restructuring [1] Financial Performance - The projected net profit attributable to shareholders is estimated to be between 49.5 million and 64 million yuan, representing a decrease of 66.39% to 74.01% compared to the same period last year [1] - The net profit after deducting non-recurring gains and losses is expected to be between 9 million and 13 million yuan, reflecting a decline of 91.47% to 94.10% year-on-year [1] - The basic earnings per share are forecasted to be between 0.04 yuan and 0.05 yuan [1] Business Challenges - The decline in performance is attributed to a combination of reduced demand in the real estate sector, a drop in both volume and price in the domestic pipeline business, and a decrease in gross profit margin [1] - Increased expenditures related to the restructuring of the Shanghai base have also contributed to the anticipated decline in profitability [1]