霍莱沃：2025年营收增12.63%，净利润降256.23%

Core Viewpoint - The company reported a revenue increase of 12.63% for the fiscal year 2025, reaching 303.02 million yuan, but faced a significant decline in net profit and non-recurring profit due to increased R&D investment and a decrease in gross margin from its electromagnetic measurement system business [1] Financial Performance - Revenue for 2025 was 303.02 million yuan, up 12.63% year-on-year [1] - Net profit attributable to the parent company was -22.55 million yuan, down 256.23% year-on-year [1] - Non-recurring net profit was -29.01 million yuan, a decline of 1209.67% year-on-year [1] Asset and Equity Position - Total assets at the end of the reporting period were 949.84 million yuan, a decrease of 1.38% from the beginning of the year [1] - Shareholder equity was 612.29 million yuan, down 5.86% from the beginning of the year [1] - Share capital increased to 101.84 million yuan, a growth of 40% from the beginning of the year [1] - Net asset value per share was 6.01 yuan, down 32.77% from the beginning of the year [1] Business Segment Insights - Revenue growth was driven by an increase in income from the electromagnetic measurement system business [1] - The gross margin for this business segment declined, contributing to the overall profit decrease [1] - Increased R&D investment was a significant factor in the decline of net profit [1]