京运通：预计2025年上半年净利润亏损1.65亿元-2.25亿元

Core Viewpoint - 京运通 (601908) is expected to report a significant net loss for the first half of 2025, primarily due to adverse impacts from the photovoltaic industry cycle and losses from its equity investments [1] Financial Performance - The company anticipates a net profit attributable to shareholders of the parent company ranging from -165 million to -225 million yuan for the first half of 2025 [1] - The expected net profit after deducting non-recurring gains and losses is projected to be between -175 million and -230 million yuan [1] Business Segments - The losses in the company's equity investments, particularly from its affiliated enterprises, are expected to negatively impact the net profit due to the application of the equity method of accounting [1] - The new materials business, specifically in the silicon wafer segment, continues to operate at a loss, further affecting the overall profitability of the company [1]