Core Viewpoint - The company expects a significant decline in net profit for 2025, with projections indicating a decrease of 52.02% to 58.02% compared to the previous year, primarily due to various external factors and increased costs associated with strategic investments in emerging industries [1] Financial Performance - The estimated net profit attributable to shareholders for 2025 is projected to be between 315 million and 360 million yuan [1] - The estimated net profit after deducting non-recurring gains and losses is expected to be between 310 million and 355 million yuan, reflecting a year-on-year decrease of 51.07% to 57.27% [1] Factors Influencing Performance - The decline in profit is attributed to the product price tax reform policy, adjustments in product prices within the industry, and a significant increase in taxes and additional charges [1] - Increased resource investment in general aviation and commercial aviation sectors has led to a rise in related costs and expenses [1] Strategic Initiatives - The company plans to focus on its military products core business, accelerating the development of key models and enhancing independent innovation capabilities [1] - There is an emphasis on meeting product delivery and improving quality assurance capabilities, with accelerated construction of fundraising projects to enhance R&D, advanced manufacturing, and comprehensive supporting capabilities [1] - The company aims to leverage its technological advantages in its main business to optimize industrial layout and expand into new economic growth areas, including commercial power, general aviation power, and new configurations of gas turbine control systems [1] - Continuous efforts will be made to deepen cost engineering, focusing on design improvements, quality enhancements, key technology breakthroughs, and supply chain management to enhance the technical and cost competitiveness of the company's products [1]