路畅科技：预计2025年亏损7500万元-1.1亿元

Core Viewpoint - The company, Luochang Technology (002813.SZ), anticipates a loss of 75 million to 110 million yuan in 2025, with a non-recurring loss projected between 78 million and 120 million yuan due to intensified industry competition and rising costs [1] Group 1: Financial Projections - The expected loss for 2025 is between 75 million and 110 million yuan [1] - The non-recurring loss is projected to be between 78 million and 120 million yuan [1] Group 2: Business Performance - The automotive electronics business is expected to see revenue growth year-on-year due to the release of orders from main engine manufacturers [1] - However, the overall gross margin is declining due to increased competition in the industry [1] Group 3: Investment and Expenses - The company is increasing its investment in research and development as well as sales to capture and expand market share [1] - Research and sales expenses have increased year-on-year [1] Group 4: Subsidiary Impact - The subsidiary, Nanyang Changfeng, has experienced a decline in profit margins due to rising raw material prices and intense market competition [1] - The company completed the transfer of 100% equity in Nanyang Changfeng by June 30, 2025, and will no longer consolidate its financials [1]