帝科股份：预计2025年净亏损2亿元—3亿元

Core Viewpoint - The company, Dike Co., Ltd. (300842), anticipates a net profit loss of 200 million to 300 million yuan for 2025, compared to a net profit of 360 million yuan in the same period last year [1] Financial Performance - The significant change in the company's performance is primarily attributed to non-recurring gains and losses, with an estimated impact on net profit of approximately -400 million to -500 million yuan [1] - The company incurred share-based payment expenses of about 120 million yuan due to the implementation of an equity incentive plan [1] Risk Management - To mitigate the risk of silver powder price fluctuations, the company has engaged in hedging operations through silver futures contracts [1] - The company has also undertaken silver leasing business to reduce procurement costs and manage risks associated with silver powder price volatility [1] - The rapid and substantial increase in silver points during the reporting period led to significant fair value loss recognized on silver futures and leasing, calculated based on the balance sheet date [1]