公元股份：2025年全年净利润同比预减66.39%—74.01%

Core Viewpoint - The company is forecasting a significant decline in net profit for the year 2025, primarily due to a shrinking demand in the downstream real estate market and increased operational costs from business restructuring [1] Financial Performance - The expected net profit attributable to shareholders for 2025 is projected to be between 49.5 million and 64 million, representing a year-on-year decrease of 66.39% to 74.01% [1] - The net profit excluding non-recurring gains and losses is anticipated to be between 9 million and 13 million, indicating a year-on-year reduction of 91.47% to 94.10% [1] Business Challenges - The decline in profit is attributed to a combination of factors including decreased sales volume and prices in the domestic pipeline business, as well as a drop in gross margin [1] - Additional financial strain is expected from the restructuring of operations at the Shanghai base, which has led to increased expenditures [1]