雷电微力(301050.SZ):预计2025年净利润同比下降44.55%-54.77%

Core Viewpoint - The company 雷电微力 (301050.SZ) expects a significant decline in net profit for 2025, with projections indicating a decrease of 44.55%-54.77% compared to the previous year, primarily due to delays in product acceptance and revenue recognition issues [1] Financial Performance - The estimated net profit attributable to shareholders for 2025 is projected to be between 15.5 million and 19 million yuan, while the net profit after deducting non-recurring gains and losses is expected to be between 13.5 million and 17 million yuan, reflecting a decline of 46.01%-57.12% year-on-year [1] - A revenue adjustment of 53.09 million yuan is anticipated due to discrepancies between provisional pricing and audited prices, which is expected to negatively impact net profit by approximately 45.13 million yuan [1] Research and Development - The company plans to allocate approximately 66 million yuan for research and development expenses, which will account for about 9% of total revenue during the reporting period [1] - Non-recurring gains and losses are expected to have a positive impact of 21 million yuan on net profit [1] Future Outlook - In 2026, the company aims to leverage industry development opportunities by enhancing its research capabilities and industrialization capacity, increasing R&D investment, and promoting automation and intelligent manufacturing [1] - The focus will be on rapid research, development, and mass production to provide customers with reliable, efficient, and cost-effective product solutions, facilitating the widespread application of millimeter-wave microsystems across various fields [1]