光伏设备业务承压，连城数控2025年净利同比预降超7成

Core Viewpoint - The company reported a significant decline in both revenue and net profit for the fiscal year 2025, primarily due to ongoing supply-demand mismatches in the photovoltaic industry and intensified competition [1] Financial Performance - The company achieved an operating revenue of 2.186 billion yuan, representing a year-on-year decrease of 61.44% [1] - The net profit for the year was 78.29 million yuan, down 77.01% compared to the previous year [1] Industry Context - The photovoltaic industry is experiencing a persistent supply-demand mismatch, leading to weaker equipment demand from downstream enterprises [1] - Increased competition within the industry has further pressured the company's core photovoltaic equipment business [1] Operational Adjustments - The company has made necessary impairment provisions based on a cautious approach, contributing to the overall decline in operational performance [1]