沃格光电(603773) - 2025 Q2 - 季度业绩预告

Jiangxi Vogler Optoelectronic Group Co., Ltd. 2025 Semi-Annual Performance Forecast Core Performance Forecast Data The company anticipates a year-on-year revenue increase of 10.36% to 26.68% for the first half of 2025, alongside an expected net loss attributable to the parent company ranging from 45 million to 65 million yuan 2025 H1 Performance Forecast | Indicator | 2025 H1 Forecast (yuan) | 2024 H1 (yuan) | YoY Change | | :--- | :--- | :--- | :--- | | Operating Revenue | 1.15 billion - 1.32 billion | 1.042 billion | +10.36% to +26.68% | | Net Profit Attributable to Parent Company | -65 million to -45 million | -30.4197 million | Loss Widening | | Net Profit Attributable to Parent Company (Excluding Non-recurring Items) | -75 million to -53 million | -44.1958 million | Loss Widening | Analysis of Performance Changes Despite robust revenue growth, the net loss is primarily driven by substantial R&D investments in advanced technologies and increased management expenses from team expansion Revenue Growth and Business Progress The company achieved significant revenue growth by strengthening core capabilities and securing orders, with glass-based circuit boards for Mini LED displays reaching mass production and TGV products generating initial revenue - The company expects operating revenue to grow by 10.36% to 26.68% year-on-year during the reporting period[6] - Jiangxi Dehong, a wholly-owned subsidiary, has officially achieved mass production and commercial application of its glass-based circuit boards and display modules in 2304-zone Mini LED backlight display products[6] - Hubei Tonggewei, a wholly-owned subsidiary, generated approximately 8 million yuan in revenue from sample verification with clients for its glass-based TGV circuit board products during the reporting period[6] Increased Costs and Future Outlook Net loss is attributed to high R&D investments in advanced technologies and increased management expenses due to talent acquisition, while the company remains optimistic about the long-term market for glass-based circuit boards - The company continues to invest heavily in R&D for next-generation applications of glass-based circuit boards in 5G-A, 6G communication, CPO co-packaging, and Chiplet advanced packaging, leading to high R&D expenses[7] - Efforts to improve the core operational management team and attract talent have led to increased management expenses, impacting current period profit and loss[7] - The company believes that with the development of high-frequency communication and AI computing industries, the market for glass-based circuit boards as a new material will continue to expand, and the company will seize industrial opportunities to accelerate industrialization[7] Risk Warning and Other Disclosures The company cautions that this performance forecast is based on preliminary, unaudited data, and final accurate financial figures will be presented in the officially disclosed 2025 semi-annual report - The data in this performance forecast has not been audited by a certified public accountant; it is a preliminary calculation based on the company's finance department's professional judgment[4][9] - The final accurate financial data will be subject to the company's officially disclosed 2025 semi-annual report; investors are advised to be aware of investment risks[10]