牧高笛：2025年业绩预亏，净利润或亏2200万至3300万元

Core Viewpoint - The company expects a significant net loss for the fiscal year 2025, with projected losses ranging from 22 million to 33 million yuan, compared to a net profit of 83.76 million yuan in the previous year [1] Financial Performance - The anticipated net profit attributable to the parent company is projected to be between -22 million and -33 million yuan for 2025 [1] - The expected non-recurring net profit is estimated to be between -32 million and -43 million yuan [1] - The previous year's net profit was reported at 83.76 million yuan [1] Factors Influencing Performance - The expected losses are attributed to an unfavorable market environment leading to lower-than-expected sales [1] - An adjustment in sales structure has resulted in increased sales expenses [1] - The company's inventory destocking strategy has led to a higher provision for inventory impairment [1] - There has been a reduction in government subsidies [1] - The acceleration of share-based payment expenses has also contributed to the anticipated losses [1]