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]

Group 1 - The stock price of Holiwo has shown volatility in the past week, closing at 49.00 yuan on February 10, 2026, down 2.76% with a trading volume of 85.81 million yuan and a net outflow of 10.53 million yuan from main funds [1] - On February 13, 2026, Holiwo's stock price rebounded to 49.93 yuan, reflecting a 0.22% increase from the previous day and a cumulative increase of 2.27% over the past five days [1] - Main fund outflows were significant on February 10, but the outflow has narrowed in recent days, with a net outflow of 749,600 yuan reported on February 13 [1] Group 2 - Holiwo specializes in electromagnetic field simulation and testing technology, serving sectors such as military information technology and satellite navigation [2] - The company's electromagnetic measurement system business for satellites experienced rapid order growth in 2023, continuing to meet the demands of the low Earth orbit satellite industry [2] - There have been no major event announcements from the company recently [2]

Core Viewpoint - The company, Holley (688682.SH), anticipates a net loss attributable to shareholders of the parent company ranging from 19 million to 30 million yuan for the year 2025 [1] Financial Performance - The company projects a net profit attributable to shareholders, excluding non-recurring gains and losses, to be between 23 million and 33 million yuan for 2025 [1] - The revenue for the reporting period increased year-on-year due to an enhanced delivery scale in the electromagnetic measurement system business [1] Margin Analysis - Despite the revenue growth, the gross margin of the main business has declined compared to the same period last year, influenced by changes in the overall market environment [1]