三安光电2025年预亏至多4亿元 博时管理社保组合持股

Core Viewpoint - Sanan Optoelectronics (SH:600703) reported a significant decline in expected net profit for 2025, projecting a loss of 200 million to 400 million yuan compared to a profit of 253 million yuan in the previous year [1] Group 1: Financial Performance - The company’s total market capitalization is 71.992 billion yuan, with a share price of 14.43 yuan, reflecting a decline of 8.67% [1] - The expected net profit for 2025 is projected to be between -200 million and -400 million yuan, a stark contrast to the previous year's profit of 253 million yuan [1] - The company has seen an increase in the proportion of high-end LED products, while integrated circuit business revenue and profitability have also improved year-on-year [1] Group 2: Factors Affecting Performance - The integrated circuit segment, particularly the filter and silicon carbide businesses, continues to significantly drag down overall profitability [1] - There has been a year-on-year decrease in government subsidies received by the company [1] - Research and development expenses have increased year-on-year, contributing to the financial strain [1] - Adjustments in the sales price of precious metal waste materials, in relation to the Shanghai Gold Exchange price trends, have led to reduced investment income [1] - The company has increased provisions for inventory write-downs due to the net realizable value being lower than cost, as per accounting standards [1] Group 3: Shareholding Structure - As of September 30, 2025, the National Social Security Fund 103 Portfolio holds 82 million shares, accounting for 1.64% of the circulating shares, making it the ninth largest shareholder [1][2]