江航装备(688586.SH)：预计2025年度净利润同比减少48.17%至60.13%

Core Viewpoint - The company, Jianghang Equipment (688586.SH), expects a significant decline in net profit for the fiscal year 2025, projecting a decrease of 48.17% to 60.13% compared to the previous year [1] Financial Projections - The company anticipates a net profit attributable to shareholders of approximately 50 million to 65 million yuan for 2025 [1] - The expected net profit, excluding non-recurring gains and losses, is projected to be around 37 million to 52 million yuan, reflecting a year-on-year decrease of 50.01% to 64.43% [1] Factors Influencing Performance - The decline in revenue from aviation products is attributed to changes in market conditions, industry policies, and the delivery schedule of product orders [1] - The company's gross profit margin is also expected to decrease year-on-year [1] - Increased investment in research and development for military and civilian aircraft, advanced manufacturing, and emerging industries is contributing to the decline in net profit [1]