天智航2025年净利预亏1.65亿元至1.98亿元

Core Viewpoint - Tianzhihang (688277) is expected to report a net profit loss of between 165 million to 198 million yuan for 2025, indicating an increase in losses compared to the previous year, with a projected increase of 43.87 million to 76.87 million yuan, representing a year-on-year loss expansion of 36.22% to 63.46% [1] Group 1 - The industry market environment is recovering, leading to significant growth in product sales and technical service revenue [1] - The increase in net profit loss compared to the previous year is primarily due to a substantial decrease in investment income [1] - The implementation of a restricted stock incentive plan has resulted in a significant increase in share-based payment expenses compared to the previous year [1] Group 2 - The reversal of previously recognized losses has led to an increase in deferred income tax expenses, contributing to the growth in income tax expenses compared to the previous year [1] - The combined impact of these factors has resulted in an approximate increase of 89 million yuan in the expanded net profit loss [1]