淮河能源：2025年净利润同比法定数据增近倍，重述后或略降

Core Viewpoint - The company expects a significant increase in net profit for 2025, with projections indicating a rise of 8.26 billion to 9.26 billion yuan compared to the previous year's statutory disclosure, reflecting a year-on-year increase of 96.31% to 107.97% [1] Financial Performance Summary - The projected net profit attributable to the parent company for 2025 is estimated to be between 1.684 billion and 1.784 billion yuan [1] - Compared to the restated figures, the net profit is expected to decrease by 1.09 billion to 9.05 million yuan, representing a year-on-year decline of 6.08% to 0.50% [1] - The non-recurring net profit is projected to be between 673 million and 773 million yuan, which is a decrease of 1.15 billion to 15.05 million yuan compared to the statutory disclosure, indicating a year-on-year decline of 14.59% to 1.91% [1] Factors Influencing Performance - The performance change is attributed to the completion of the power group equity acquisition in December 2025 and a decline in coal prices [1]