大禹节水(300021.SZ)：预计2025年度净利润同比下降20.00%-46.38%

Core Viewpoint - Dayu Water-saving (300021.SZ) forecasts a net profit attributable to shareholders for 2025 between 43.5 million to 64.9 million yuan, representing a year-on-year decline of 20.00% to 46.38% [1] - The company expects a net profit of 30.5 million to 45 million yuan after deducting non-recurring gains and losses, indicating a year-on-year growth of 60.38% to 136.63% [1] Group 1 - The company's core business order volume and project delivery scale have decreased year-on-year due to the impact of the macroeconomic environment and a temporary lag in industry investment, leading to a decline in main business revenue [1] - The company has effectively improved overall operational efficiency through supply chain optimization, sector collaboration, and cost control measures [1] Group 2 - The decrease in non-recurring gains is primarily attributed to a significant decline in investment income and asset disposal gains, which affected the profit scale for the period [1] - The substantial growth in net profit after deducting non-recurring gains and losses indicates that the company's main business remains robust, and cost control measures have been effective [1]