Core Viewpoint - Wuhan Fangu (002194.SZ) has disclosed its performance forecast for the year 2025, expecting a net loss attributable to shareholders of the listed company between 10 million to 15 million yuan, and a net loss of 23 million to 28 million yuan after deducting non-recurring gains and losses [1] Financial Performance - The company anticipates a net loss of 10 million to 15 million yuan for the year 2025 [1] - The expected net loss after excluding non-recurring items is projected to be between 23 million to 28 million yuan [1]

Core Viewpoint - Wuhan Fangu (002194.SZ) expects a net profit attributable to shareholders of the listed company to be between -15 million and -10 million yuan for the year 2025, with a net profit after deducting non-recurring gains and losses projected to be between -28 million and -23 million yuan [1] Group 1: Financial Performance - The company anticipates a significant loss in 2025 due to ongoing intense competition in the radio frequency device industry [1] - The increase in the proportion of low-margin products in the company's overall product mix has contributed to the expected decline in profitability [1] - The sharp rise in prices of bulk metal raw materials during the reporting period has further impacted the company's profit margins [1] Group 2: Operational Challenges - Despite the company's efforts to implement cost reduction and efficiency improvement measures, it has been unable to fully offset the effects of significant price reductions for its products and the rising costs of raw materials [1] - The overall gross profit margin of the company has declined, leading to the anticipated losses for the fiscal year 2025 [1]

Group 1 - The company Wuhan Fangu expects a net profit attributable to shareholders to be between -10 million yuan and -15 million yuan for 2025, indicating a shift from profit to loss compared to the previous year [1] - The basic earnings per share are projected to be between -0.0146 yuan and -0.022 yuan, a decline from the previous year's earnings per share of 0.0779 yuan [1] - The main reasons for the performance change include intense market competition in the radio frequency device industry, significant price pressure from customers on the company's main products, and an increasing proportion of low-margin products in the overall product mix [1] Group 2 - The prices of bulk metal raw materials required for the company's products have significantly increased during the reporting period, contributing to the expected decline in profitability [1]

Core Viewpoint - The company Wuhan Fangu is expected to report a net loss for the fiscal year 2025, projected between -15 million and -10 million yuan due to intense market competition and rising raw material costs [1] Industry Summary - The radio frequency device industry continues to experience fierce competition, leading to significant pricing pressure from customers on the company's main products [1] - The proportion of low-margin products within the company's overall product mix is steadily increasing, which may further impact profitability [1] - The prices of bulk metal raw materials required for production have surged significantly during the reporting period, contributing to the financial challenges faced by the company [1]

2025 年度业绩预告 证券代码：002194 证券简称：武汉凡谷 公告编号：2026-001 武汉凡谷电子技术股份有限公司 2025 年度业绩预告 本公司及董事会全体成员保证信息披露的内容真实、准确和完整，没有虚假 记载、误导性陈述或重大遗漏。 一、本期业绩预计情况 1、业绩预告期间：2025 年 1 月 1 日至 2025 年 12 月 31 日 2、业绩预告情况：预计净利润为负值 （1）以区间数进行业绩预告的 单位：万元 | 项 目 | | 本报告期 | | 上年同期 | | --- | --- | --- | --- | --- | | 归属于上市公司股东的净利润 | -1,500 | ～ | -1,000 | 5,324.73 | | 扣除非经常性损益后的净利润 | -2,800 | ～ | -2,300 | 3,990.97 | | 基本每股收益（元/股） | -0.0220 | ～ | -0.0146 | 0.0779 | 二、与会计师事务所沟通情况 本次业绩预告相关数据未经会计师事务所审计。公司已就业绩预告有关事项 与年报审计会计师事务所进行了预沟通，双方不存在重大分歧，具体数据以最终 审计结 ...

Group 1 - The core viewpoint of the article is that Wuhan Fangu is currently selling high-power microwave filters to downstream module manufacturers for low Earth orbit satellites, but the contract amounts are small and do not significantly impact the company's current performance [2] Group 2 - The company has engaged in the production of high-power microwave filters [2] - The application of these filters is specifically for low Earth orbit satellites [2] - The current contracts related to this product line are minor and do not have a major effect on the company's financial results [2]

Market Overview - The Shanghai Composite Index closed at 4120.10 points, above the annual line, with a change of 0.16% [1] - The total trading volume of A-shares reached 1,645.83 billion yuan [1] Stocks Above Annual Line - A total of 61 A-shares have surpassed the annual line today, with notable stocks showing significant deviation rates [1] - The stocks with the highest deviation rates include: - Huawi Design (华维设计) with a deviation rate of 24.42% - Hualing Co. (华岭股份) at 5.51% - Huilong Piston (汇隆活塞) at 4.81% [1] Detailed Stock Performance - The following table summarizes the performance of selected stocks that have crossed the annual line: - Huawi Design (华维设计): Today's change of 29.96%, turnover rate of 26.39%, annual line at 14.64 yuan, latest price at 18.22 yuan [1] - Hualing Co. (华岭股份): Today's change of 12.70%, turnover rate of 9.21%, annual line at 24.90 yuan, latest price at 26.27 yuan [1] - Huilong Piston (汇隆活塞): Today's change of 18.06%, turnover rate of 13.30%, annual line at 9.86 yuan, latest price at 10.33 yuan [1] - Other notable stocks include: - Wuhan Fangu (武汉凡谷) with a deviation rate of 4.17% - Meirui New Materials (美瑞新材) with a deviation rate of 3.81% [1] Additional Stocks with Minor Deviations - Stocks with smaller deviation rates that have just crossed the annual line include: - Gongdong Medical (拱东医疗) and Chongqing Gas (重庆燃气) [1] - The performance of these stocks indicates a cautious upward trend in the market [1]

Core Viewpoint - Wuhan Fangu (002194) has stated that it currently does not have direct business dealings with China Star Network, and the contracts related to its high-power microwave filters are minor and do not significantly impact the company's current performance [1] Group 1 - The company produces high-power microwave filters that are sold to downstream module manufacturers [1] - These filters are applied in low Earth orbit satellites [1] - The contract amounts related to these products are currently small and do not have a major effect on the company's performance [1]

Core Viewpoint - The company, Wuhan Fangu, has clarified that it currently does not have direct business dealings with China Star Network Group, and the contracts related to its high-power microwave filters are small and do not significantly impact its current performance [2]. Group 1 - The company has received inquiries regarding the delivery status of its second-generation satellite phased array TR components and terahertz, millimeter-wave filters [2]. - The high-power microwave filters produced by the company are sold to downstream module manufacturers and are applied in low Earth orbit satellites [2]. - The contract amounts related to these products are relatively small and do not have a major effect on the company's current financial results [2].

Group 1 - The company, Wuhan Fangu, has stated that it currently does not have direct business dealings with China Star Network [1] - The company produces high-power microwave filters that are sold to downstream module manufacturers and are applied in low Earth orbit satellites [1] - The contract amounts related to these products are relatively small and do not have a significant impact on the company's current performance [1]