滨海能源：预计2025年归属于上市公司股东的净利润-9800万至-6900万元

Core Viewpoint - Binhai Energy forecasts a net profit attributable to shareholders of the listed company for 2025 to be between -98 million and -69 million yuan, indicating a significant loss compared to the previous year's net profit of -28.1342 million yuan [1] Financial Performance - The basic earnings per share for 2025 are projected to be between 0.4411 yuan and 0.3106 yuan, a decrease from the previous year's earnings per share of 0.1226 yuan [1] - The main reasons for the performance change include the small overall scale of negative electrode material production capacity, high fixed asset depreciation, and rising costs of raw materials such as petroleum coke and calcined coke, leading to a decline in gross margin for the year [1] Operational Challenges - The company has only recently entered the new energy negative electrode material industry, and the construction of production lines and working capital has primarily relied on debt, resulting in high financial costs during the reporting period [1] - The company's subsidiary in Baotou has not advanced its crystalline silicon photovoltaic business construction project, and as a precaution, impairment provisions have been made for related construction projects [1]