上海电气风电集团股份有限公司 2025年年度业绩预亏公告

Core Viewpoint - The company anticipates a net loss for the fiscal year 2025, with projected losses ranging from RMB -89 million to -109 million for net profit attributable to shareholders, and RMB -93 million to -113 million when excluding non-recurring gains and losses [1]. Group 1: Performance Forecast - The performance forecast period is from January 1, 2025, to December 31, 2025 [1]. - The preliminary estimate indicates a significant net loss for 2025, with net profit attributable to shareholders expected to be between RMB -89 million and -109 million, and net profit after excluding non-recurring items expected to be between RMB -93 million and -113 million [1]. - This performance forecast has not been audited by an accounting firm, and no special report has been issued by the registered accountant regarding this forecast [1]. Group 2: Previous Year Performance - In the previous fiscal year 2024, the company reported a total profit of RMB -90.20 million, with a net profit attributable to shareholders of RMB -78.48 million, and a net profit of RMB -81.12 million after excluding non-recurring items, resulting in an earnings per share of RMB -0.59 [2]. Group 3: Reasons for Expected Loss - The anticipated loss for 2025 is primarily due to intensified competition in the offshore wind power market, leading to a decrease in sales prices for offshore wind turbine products, along with delays in project construction, which have slowed the delivery of sales orders and conversion into revenue [3]. - Additionally, the rising costs of certain components during the peak installation period have hindered cost reduction efforts in the supply chain, contributing to a decline in product gross margins and operating profits [3]. - Some sales orders are expected to incur losses as the decline in project costs does not match the decrease in sales prices, leading to the recognition of loss provisions for certain wind turbine sales orders where estimated costs exceed future realizable revenues [3].