安凯客车(000868.SZ)：预计2025年亏损5000万元–6000万元

Core Viewpoint - Ankai Bus (000868.SZ) expects a net loss for 2025, with projected losses ranging from 50 million to 60 million yuan, and a non-recurring loss between 90 million and 100 million yuan, primarily due to intense market competition and impairment losses on uncollected subsidies [1] Financial Projections - The company anticipates operating revenue between 3.4 billion and 3.5 billion yuan for 2025 [1] - The expected net profit attributable to shareholders of the listed company is projected to be negative [1] Reasons for Performance Change - The main reasons for the performance change include a decline in the overall gross profit margin of products due to fierce market competition [1] - The company has also made special provisions for impairment losses on uncollected subsidies [1]