中航科工(02357.HK)：预计中航光电2025年度净利润21.24亿元

Core Viewpoint - AVIC Optoelectronics reported a stable revenue growth for the fiscal year 2025, but experienced significant declines in net profit due to external market pressures and rising material costs [1] Financial Performance - Total revenue for AVIC Optoelectronics reached RMB 21.301 billion, maintaining stable growth [1] - Profit before tax amounted to RMB 2.664 billion, while net profit attributable to shareholders was RMB 2.124 billion, reflecting year-on-year declines of 29.24% and 36.69% respectively [1] - The decline in net profit is attributed to ongoing price pressures in certain business sectors and increases in upstream commodity prices [1]