CATEC(SH:600879) Ge Long Hui A P P·2026-01-29 09:56Core Viewpoint - Aerospace Electronics (600879.SH) expects a significant decline in net profit for the year 2025, projecting a decrease of 55% to 65% compared to 2024, primarily due to one-time gains in the previous year and a decrease in product gross margin [1] Financial Projections - The company anticipates net profit attributable to shareholders for 2025 to be between 191.81 million and 246.61 million yuan [1] - The expected net profit excluding non-recurring gains and losses is projected to range from 127.24 million to 182.04 million yuan, indicating a potential decrease of 23.99% to an increase of 8.74% compared to 2024 [1] Reasons for Performance Change - The primary reason for the anticipated decline in net profit is the inclusion of a 208 million yuan gain from the disposal of Aerospace Electric's equity in 2024, which will not recur in 2025 [1] - Additionally, a decrease in the gross margin of the company's products is expected to contribute to the reduction in net profit for 2025 compared to 2024 [1]