必创科技：预计2025年亏损8700万元–1.13亿元

Core Viewpoint - The company expects a loss of 87 million to 113 million yuan in 2025, with a non-recurring loss of 85 million to 110 million yuan, indicating significant financial challenges ahead [1] Financial Performance - The company anticipates a net cash flow from operating activities to remain positive, with ample cash reserves despite the projected losses [1] - The impact of asset impairment on net profit is estimated to be around 96 million yuan [1] - Non-recurring gains and losses are expected to negatively affect net profit by approximately 3.2 million yuan, primarily due to impairment provisions for external investments [1] Strategic Adjustments - The company is actively adjusting its strategies and optimizing its business structure in response to industry trends and external challenges [1] - Increased investment in optoelectronic technology research and market expansion is part of the company's proactive approach to address multiple challenges [1] Market Conditions - The profitability of some products has declined due to fluctuations in supply and demand in the upstream and downstream markets, as well as changes in the external environment [1] - The benefits of new product applications have not yet materialized, contributing to the company's financial pressures [1]