宏昌科技(301008.SZ)：预计2025年净利润同比下降50%至60%

Core Viewpoint - Hongchang Technology (301008.SZ) expects a significant decline in net profit for 2025, projecting a decrease of 50% to 60% compared to the previous year [1] Financial Performance - The estimated net profit attributable to shareholders for 2025 is between 20.9863 million and 26.2329 million yuan [1] - The net profit after deducting non-recurring gains and losses is projected to be between 9.7425 million and 13.6395 million yuan, reflecting a decline of 65% to 75% year-on-year [1] Contributing Factors - The decline in profit is attributed to several factors, including the accrual of convertible bond interest, share-based payments related to the employee stock ownership plan, and rising raw material prices [1]