竞业达：2025年扣非后净亏损400万元-200万元

Core Viewpoint - The company expects its revenue in 2025 to remain 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 forecasts a net profit attributable to shareholders of between 8 million and 11.5 million, representing a year-on-year decline of 81.26% to 73.06% [1] - The adjusted net loss is projected to be between 4 million and 2 million, 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, which has impacted profitability [1] - The company has made significant investments in R&D, contributing to the changes in financial performance [1] Credit and Collections - The company has seen notable improvements in its collection efforts, leading to a reduction in credit impairment losses for two consecutive years [1]