丰元股份：公司锂电池正极材料业务2025年半年度业绩亏损的主要因素

Core Viewpoint - The company, Fengyuan Co., is expected to face performance losses in its lithium battery cathode material business in the first half of 2025 due to several influencing factors [2] Summary by Relevant Categories Factors Affecting Performance - Fluctuations in raw material prices are impacting the company's financial performance [2] - Increased research and development expenses due to the push for product iteration and upgrades [2] - Year-on-year growth in production capacity leading to higher depreciation costs after the expansion of production lines, coupled with long verification cycles for new products and insufficient equipment utilization rates during the ramp-up phase [2] - Issues related to asset impairment and credit impairment are also contributing to the overall performance decline [2]