竞业达：2025年净利润800万-1150万元，同比降超73%

Core Viewpoint - The company expects its revenue in 2025 to remain roughly flat compared to the previous year, with a significant decline in net profit attributed to increased R&D investments and rising operational costs [1] Financial Performance - The company projects a net profit attributable to shareholders of between 8 million and 11.5 million yuan, representing a year-on-year decline of 81.26% to 73.06% [1] - The non-recurring net loss is estimated to be between 4 million and 2 million yuan, reflecting a year-on-year decrease of 110.38% to 105.19% [1] Cost and Investment - The increase in sales, R&D, and management expenses is approximately 33 million yuan year-on-year, driven by heightened R&D investments [1] - Despite the increase in expenses, the company has seen significant improvements in cash collection, with credit impairment losses decreasing for two consecutive years [1]