润建股份：预计2025年净利润同比下降88%-92%

Core Viewpoint - Runjian Co., Ltd. (002929.SZ) forecasts a significant decline in net profit for the fiscal year 2025, with expected earnings between 19 million to 28.5 million yuan, representing a year-on-year decrease of 88% to 92% [1] Financial Performance - The net profit attributable to shareholders is projected to be between 19 million to 28.5 million yuan, a decline of 88% to 92% year-on-year [1] - The net profit after excluding non-recurring gains and losses is expected to be between 49 million to 63.5 million yuan, reflecting a year-on-year decrease of 73% to 79% [1] - Basic earnings per share are estimated to be between 0.07 yuan and 0.10 yuan [1] Business Segments - The company anticipates a revenue growth of 10% to 17% year-on-year for 2025 [1] - The communication network and digital network segments are expected to remain stable, while the energy network and computing power network segments are projected to experience rapid growth [1] Profitability Factors - The decline in net profit is primarily attributed to the short-term impact of stock incentive-related share payment costs [1] - After excluding the effects of share payments, the net profit attributable to shareholders is expected to grow by 6% to 10% year-on-year [1]