受SiC等业务拖累，三安光电2025年预亏2亿至4亿元

Core Viewpoint - Sanan Optoelectronics is forecasting a significant net loss for the year 2025, with expected losses ranging from 200 million to 400 million yuan, primarily due to various operational challenges and reduced government subsidies [2] Financial Performance - For the fiscal year 2024, the company reported a total profit of 357.57 million yuan, with a net profit attributable to shareholders of 252.85 million yuan, and a net profit of -511.02 million yuan after excluding non-recurring gains and losses [2] - The earnings per share for 2024 were reported at 0.05 yuan [2] Reasons for Expected Losses - The anticipated losses for 2025 are attributed to an increased proportion of high-end LED products, improved revenue and profitability in the integrated circuit business, but significant profit drag from the filter and silicon carbide segments [2] - A decrease in government subsidies compared to the previous year, an increase in capitalized R&D expenses, and adjustments in the sales price of precious metal waste relative to the Shanghai Gold Exchange prices have also contributed to reduced investment income [2] - Additionally, the company has increased provisions for inventory write-downs due to the net realizable value being lower than the cost, further impacting the financial outlook [2]