Financial Performance Expectations - The company expects a net loss attributable to shareholders of approximately -315 million yuan for the year 2025, compared to a net loss of -225 million yuan in the previous year[3] - The net loss attributable to shareholders after deducting non-recurring gains and losses is estimated to be around -341 million yuan for 2025, compared to -261 million yuan in the previous year[3] Reasons for Expected Loss - The primary reasons for the expected loss include high raw material prices, particularly for copper and silver, which have significantly pressured the company's gross margin[7] - Insufficient market demand and intensified industry competition have led to a decline in operating revenue, making it difficult to cover fixed and rigid costs[7] Audit and Reporting - The company has communicated with its annual audit accounting firm regarding the performance forecast, indicating no uncertainties affecting the accuracy of the forecast[8] - The forecast data is preliminary and the final audited financial data will be disclosed in the official 2025 annual report[9]
长城电工(600192) - 2025 Q4 - 年度业绩预告