新光光电(688011.SH)：上半年预亏1900万元到2300万元

Core Viewpoint - The company, XinGuang Optoelectronics (688011.SH), is expected to report a significant net loss for the first half of 2025, with projected revenues of approximately 21 million yuan and a net profit attributable to shareholders ranging from -19 million to -23 million yuan, reflecting a year-on-year decline of 6.35% to 28.74% [1] Financial Performance - Estimated operating revenue for the first half of 2025 is about 21 million yuan [1] - Projected net profit attributable to shareholders is expected to be between -19 million and -23 million yuan, indicating a year-on-year decrease of 6.35% to 28.74% [1] - The net profit after deducting non-recurring gains and losses is anticipated to be between -27 million and -31 million yuan, with a year-on-year decline of 4.78% to 20.30% [1] Cost Management - The company has improved operational quality, resulting in a year-on-year decrease in total selling, administrative, and research expenses [1] - Efforts to enhance collection processes have led to a reduction in credit impairment losses by approximately 121.20% year-on-year [1] Overall Impact - The combination of decreased revenue and improved cost management has resulted in a smaller decline in net profit despite significant revenue drop [1]