晶澳科技(002459.SZ)：2025年度预亏45.00亿元—48.00亿元

Core Viewpoint - Jingao Technology (002459.SZ) is expected to report a net loss of 4.5 billion to 4.8 billion yuan for the fiscal year 2025 due to various industry challenges [1] Group 1: Company Performance - The company maintains a leading position in battery module shipments within the industry [1] - The average selling price and profitability of the components have declined year-on-year due to supply-demand imbalance and price drop [1] - The operating performance has shown a phase of loss during the reporting period [1] Group 2: Industry Context - The photovoltaic industry is experiencing capacity release, leading to supply-demand imbalances [1] - International trade protection policies are impacting the company's sales and profitability [1]