另一方面，公司积极应对下游客户需求变化及各类挑战，全面拓宽产品和解决方案的行业覆盖，在海外及国内 通用行业市场拓展方面已取得积极进展。为深化战略布局，报告期内公司通过协议转让方式引入了在民航领域 拥有深厚产业背景的战略投资者，双方将共同推动公司在民航基础设施建设及低空管理平台等领域的业务开 拓，标志着公司正式布局低空这一全新优质赛道，有望成为未来业绩的新增长点。 1月19日，苏州科达发布2025年年度业绩预亏公告，预计2025年度实现归属于上市公司股东的净利润为-4.8亿元 至-3.2亿元，上年同期为-2.03亿元，亏损增加1.17亿元至2.77亿元；预计归属于上市公司股东的扣除非经常性损 益后的净利润为-4.86亿元至-3.26亿元。 回溯2024年度经营业绩，公司利润总额为-20,158.12万元，归属于上市公司股东的净利润为-20,345.14万元，归属 于上市公司股东的扣除非经常性损益的净利润为-21,365.05万元，每股收益为-0.4007元。 对于2025年业绩预亏扩大的主要原因，公司从主营业务层面进行了详细说明： 一方面，2025年受国内外宏观经济形势及地缘政治等综合因素影响，公司传统下游客户 ...

Core Viewpoint - The company, 日盈电子, forecasts a significant net loss for the year 2025, transitioning from profit in the previous year due to various operational challenges [2] Financial Performance Summary - For the year 2025, the company expects a net profit attributable to shareholders of the parent company to be between -49 million to -33 million yuan, indicating a shift from profit to loss compared to the previous year [2] - The expected net profit after deducting non-recurring gains and losses is projected to be between -57 million to -41 million yuan [2] - In contrast, the company's financial performance for 2024 showed a total profit of 17.59 million yuan, with a net profit attributable to shareholders of 11.23 million yuan and a net profit of 2.58 million yuan after deducting non-recurring items, resulting in an earnings per share of 0.10 yuan [2] Reasons for Expected Loss - The anticipated loss for 2025 is primarily attributed to intensified industry competition, pricing pressure from clients, and the initial capacity ramp-up of new production facilities, which has not yet realized scale effects [2] - The company's gross margin from core business operations has declined during the reporting period [2] - Additionally, the overall profitability has decreased year-on-year due to increased fixed asset depreciation, share-based payment amortization, and a sustained increase in research and development investments [2]

1月19日，路畅科技发布2025年度业绩预告，预计2025年度实现归属于上市公司股东的净利润为亏损7500万元至1.1亿元，上年同期亏损5541.03万元。 预计扣除非经常性损益后的净利润为亏损7800万元至1.2亿元，上年同期亏损5733.4万元；基本每股收益为亏损0.62元/股至0.92元/股，上年同期基本每股收 益亏损0.4618元/股。 关于业绩变动原因，公司表示，得益于主机厂定点项目订单释放，2025年公司汽车电子业务营收实现同比增长，但受行业竞争加剧影响，综合毛利率有所下 降。同时，为争取及扩大市场份额，公司持续加大汽车电子技术和产品的研发投入，研发和销售费用同比增加。 此外，子公司南阳畅丰受上游原材料价格上涨和下游市场竞争激烈的影响，利润率下降；公司已于2025年6月30日完成南阳畅丰100%股权的转让，交易完成 后，南阳畅丰不再纳入公司合并报表范围。 ...

1月19日，湖南裕能发布2025年度业绩预告，预计净利润为正值且同向上升50%以上。具体来看，预计2025年年度实现归属于上市公司股东的 净利润为115,000万元至140,000万元，上年同期为59,355.21万元，同比增长93.75%至135.87%。 预计实现扣除非经常性损益后的净利润为110,000万元至135,000万元，上年同期为57,029.99万元，同比增长92.88%至136.72%。 对于业绩大幅增长的主要原因，公司表示，得益于新能源汽车及储能市场的快速发展，锂电池正极材料需求持续增长，且出现结构性供应紧 缺，公司磷酸盐正极材料产品销量随之大幅提升。 尤为关键的是，公司新产品精准契合了下游市场对锂电池更高能量密度、更强快充性能、更大电芯容量的升级要求。此外，2025年下半年主 要原材料碳酸锂价格回升，叠加公司一体化布局持续推进，成本管控成效显著，整体盈利能力得到进一步提升。 ...

Core Viewpoint - The company, Laimu Co., Ltd., has announced a profit warning for the year 2025, expecting a net loss attributable to shareholders of the parent company between -150 million to -100 million yuan, indicating a significant decline compared to the previous year's profit [2] Financial Performance Summary - For the fiscal year 2024, the company reported a total profit of 77.98 million yuan, with a net profit attributable to shareholders of 73.50 million yuan and a net profit of 72.77 million yuan after deducting non-recurring gains and losses, resulting in an earnings per share of 0.17 yuan [2] Reasons for Expected Loss in 2025 - The anticipated loss for 2025 is attributed to two main factors: - The tightening pricing strategies of automakers in the context of the global automotive industry's shift towards electrification and intelligence, leading to a price reduction for some of the company's products. Additionally, the prices of key raw materials, such as copper, have reached historical highs, further increasing production costs, with an expected operational loss of -50 million to -30 million yuan for 2025 [2] - Rapid changes in the market environment and product updates have resulted in impairment signs for some inventory and fixed assets, with the estimated impact of impairment provisions on current profits expected to be between -100 million to -70 million yuan [2]

对于2025年业绩变化的主要原因，公司从三方面进行说明： 其一，主营业务方面，报告期内公司维持原有市场销售政策，以出货量和市场份额为核心，加大销售力度，产品出货量较去年同期 增加，营业收入及综合毛利率同比实现一定增长，但相较于现有营收规模，综合毛利率仍处于较低水平。 其二，期间费用影响方面，公司持续推进团队建设，加大研发投入与产品迭代力度，进一步丰富产品结构并开展新产品研发，导致 期间费用率仍处于较高水平。 其三，资产减值损失影响方面，报告期内下游市场景气度提升，行业市场供求关系向好，公司计提的资产减值损失金额同比减少， 但该因素对公司净利润仍存在较大影响。 1月19日，恒烁股份发布2025年年度业绩预告，预计2025年年度实现归属于母公司所有者的净利润为-9,832万元左右，相较于上年同 期减少亏损；预计归属于母公司所有者扣除非经常性损益后的净利润为-11,276万元左右。 回溯2024年度业绩情况，公司利润总额为-16,109.78万元，归属于母公司所有者的净利润为-16,099.89万元，归属于母公司所有者扣除 非经常性损益的净利润为-17,856.33万元，基本每股收益为-1.95元。 ...

Core Viewpoint - Han Yu Group forecasts a net profit attributable to shareholders for 2025 between 228 million to 243 million yuan, indicating a year-on-year change of -2.61% to 3.8%, which is essentially flat compared to the previous year [2] Financial Performance Summary - The expected net profit after deducting non-recurring gains and losses is projected to be between 213 million to 228 million yuan, down from 236.85 million yuan in the previous year, reflecting a decline of 3.74% to 10.07% [2] - The anticipated operating revenue is estimated to be between 1.164 billion to 1.18 billion yuan, compared to 1.139 billion yuan in the previous year, indicating a slight increase [2] Reasons for Performance Changes - The company attributes the stable performance of its main business operations to a slight increase in operating revenue, which keeps the net profit attributable to shareholders relatively unchanged from the previous year [2] - However, the expected decline in net profit after non-recurring gains and losses is influenced by changes in product sales structure and the appreciation of the Renminbi [2]

回溯2024年度，公司利润总额为-72,573.1万元，归属于母公司所有者的净利润为-72,650.15万元，归属于母公司所有者扣除非经常 性损益的净利润为-73,176.44万元，每股收益-4.58元。 1月19日，浙江帕瓦新能源股份有限公司（证券简称：ST帕瓦）发布2025年年度业绩预告，预计2025年年度实现归属于母公司所 有者的净利润为-70,000万元至-55,000万元，与上年同期相比，减亏2,650.15万元至17,650.15万元，同比减亏3.65%至24.29%。 预计2025年实现归属于母公司所有者扣除非经常性损益后的净利润为-69,500万元至-54,500万元，较上年同期减亏3,676.44万元至 18,676.44万元，同比减亏5.02%至25.52%。 对于2025年的业绩变化，公司表示，报告期内亏损主要原因是公司为优化业务质量，主动对销售订单结构进行精简与优化，但固 定资产折旧等固定成本仍较高，产销量较低未能有效分摊固定成本。此外，公司基于谨慎性原则，对部分存货、固定资产、在建 工程、无形资产、应收账款等计提减值准备，对当期利润产生较大影响。 公告同时披露了多项风险提示。其一，2 ...

Core Viewpoint - The company, Beiqi Blue Valley, has announced a projected net loss for the year 2025, indicating ongoing challenges despite significant sales growth in the electric vehicle market [2] Financial Performance - The expected net profit attributable to shareholders for 2025 is projected to be between -465 million and -435 million yuan [2] - The expected net profit attributable to shareholders after deducting non-recurring gains and losses is projected to be between -495 million and -465 million yuan [2] - In comparison, the net profit attributable to shareholders for 2024 was -694.8 million yuan, with a net profit of -732.3 million yuan after deducting non-recurring gains and losses [2] - The earnings per share for 2024 was reported at -1.2466 yuan [2] Strategic Initiatives - The company is focusing on its "three-year leap" strategy to capitalize on opportunities in the electric vehicle market, which involves significant investment in product research and development as well as channel construction [2] - Despite achieving a sales volume of 209,576 vehicles in 2025, representing an 84.06% year-on-year increase, the company is still in a loss phase due to the insufficient realization of scale benefits [2] - The company anticipates that profitability may improve as new products are launched according to plan and cost reduction and efficiency enhancement measures are further implemented [2]

Core Viewpoint - The company, Shengjingwei, has announced an expected decline in annual net profit for 2025, indicating significant challenges in the blasting industry due to weak market demand and intense competition [1] Financial Performance - The projected net profit attributable to the parent company for 2025 is expected to be between 10 million and 15 million yuan, representing a decrease of 7.91 million to 12.91 million yuan compared to the previous year, which is a year-on-year decline of 34.53% to 56.35% [1] - The expected net profit after deducting non-recurring gains and losses for 2025 is forecasted to be between -1.5 million and 3.5 million yuan, reflecting a reduction of 6.4962 million to 11.4962 million yuan year-on-year, translating to a decline of 64.99% to 115.01% [1] Industry Context - The main reasons for the anticipated decrease in performance include stable sales of the company's primary products, but a decline in revenue and profit due to a downturn in the blasting industry, characterized by weak market demand, overcapacity, and fierce competition [1] - The overall economic operation of the blasting industry continues to show a downward trend, leading to a decrease in the average price of major products [1]