洪田股份：2025年全年净利润同比预减85.26%—90.17%

Core Viewpoint - Hongtian Co., Ltd. expects a significant decline in net profit for the year 2025, projecting a decrease of 85.26% to 90.17% compared to the previous year, primarily due to reduced revenue recognition and increased expenses in research and development [1] Group 1: Main Business Impact - Revenue recognition amount has decreased, leading to a decline in net profit despite a recovery in the electrolytic copper foil industry [1] - The company’s subsidiary, Hongtian Technology, has several equipment orders still in production, delivery, or installation stages, which have not been completed for revenue recognition within the accounting year [1] - The company has made provisions for asset impairment based on prudence, further reducing the profit level for the period [1] - Increased R&D spending in the optical equipment sector, with expenses rising to 22.98 million from 12.22 million in the previous year, resulting in a profit decrease of approximately 10.76 million [1] Group 2: Non-Operating Profit and Loss Impact - The amount of government subsidies received has decreased compared to the previous year, with 17.30 million received this period versus 29.14 million last year, leading to a profit reduction of about 11.84 million [1]