公元股份(002641.SZ)：预计2025年净利润同比下降66.39%-74.01%

Core Viewpoint - The company, Gongyuan Co., Ltd. (002641.SZ), expects a significant decline in net profit for 2025, projecting a range of 49.5 million to 64 million yuan, representing a decrease of 74.01% to 66.39% compared to the previous year [1] Financial Performance - The net profit attributable to shareholders is forecasted to be between 49.5 million and 64 million yuan, indicating a substantial decline from the previous year [1] - The net profit after excluding non-recurring gains and losses is expected to be between 9 million and 13 million yuan, reflecting a decrease of 94.10% to 91.47% year-on-year [1] Business Challenges - The primary reasons for the performance decline include a continuous shrinkage in demand from the downstream real estate market, a drop in both sales volume and prices in the domestic pipeline business, and increased expenses related to the restructuring of the Shanghai base [1]