CHERVON-AUTO(SH:603982)2026-01-16 10:00Financial Performance - The company expects a net loss attributable to shareholders of between -340 million and -290 million yuan for the year 2025 [3]. - The projected net loss after deducting non-recurring gains and losses is estimated to be between -350 million and -300 million yuan for 2025 [5]. - In the previous year, the net loss attributable to shareholders was -516.74 million yuan, indicating an improvement in 2025 [4]. Revenue and Growth - The company anticipates a sales revenue growth due to the increasing penetration of the new energy vehicle industry and the ramp-up of designated models [7]. - The production capacity at the Anhui Ma'anshan base is expected to exceed 1.1 billion yuan for the year [7]. Profitability and Cost Management - The company is focusing on market expansion, product mass production, and cost reduction to enhance profitability in 2026 [7]. - The gross margin is expected to improve due to better production efficiency and lower unit costs compared to the previous year [7]. - Management and R&D expenses as a percentage of revenue are continuously decreasing due to ongoing cost reduction measures [7]. - Financial expenses have decreased due to increased exchange gains and the successful fundraising from convertible bonds [7]. Performance Forecast - The company emphasizes that the performance forecast is preliminary and has not been audited by registered accountants [7].