滨海能源发预亏，预计2025年度归母净亏损6900万元至9800万元

Core Viewpoint - Binhai Energy (000695.SZ) forecasts a net loss attributable to shareholders of 69 million to 98 million yuan for the fiscal year 2025, primarily due to various operational and financial challenges [1] Group 1: Financial Performance - The company expects a net loss of 69 million to 98 million yuan for 2025 [1] - The decline in gross margin is attributed to 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 [1] Group 2: Operational Challenges - The company has recently entered the new energy negative electrode material industry, and the construction of production lines and working capital has largely been financed through debt, leading to high financial expenses during the reporting period [1] - The company's subsidiary in Baotou has not advanced its crystalline silicon photovoltaic business construction project, prompting a cautious approach to recognize impairment provisions for related construction projects [1]