万里股份(600847.SH)：2025年预亏4500万元左右

Core Viewpoint - Wanli Co., Ltd. (600847.SH) expects a net profit attributable to shareholders of approximately -45 million yuan for 2025, indicating ongoing financial challenges due to market competition and increased operational costs [1] Financial Performance - The company anticipates a net profit attributable to shareholders, excluding non-recurring gains and losses, of around -44.5 million yuan for 2025 [1] - The main business revenue has decreased compared to the same period last year due to intense market competition [1] Cost Management - Management has implemented various measures to control operating costs, resulting in a reduced loss margin in the lead-acid battery business compared to the previous year [1] Investment in R&D - The company has significantly increased its R&D investment in battery-centric new energy businesses year-on-year, aimed at enhancing long-term competitiveness and facilitating business transformation [1] - However, these investments have led to increased operating costs in the short term, contributing to an overall larger loss compared to the previous year [1]