Zhejiang Power New Energy (SH:688184) Ge Long Hui·2026-01-19 10:57Core Viewpoint - ST Pava (688184.SH) expects a reduction in losses for the fiscal year 2025, with projected net profit attributable to shareholders ranging from -700 million to -550 million yuan, reflecting a year-on-year improvement in loss reduction of 3.65% to 24.29% [1] Financial Performance - The company anticipates a net profit attributable to shareholders, excluding non-recurring gains and losses, between -695 million and -545 million yuan, indicating a year-on-year loss reduction of 5.02% to 25.52% [1] - The primary reason for the reported losses is the company's strategic decision to optimize the sales order structure, which has led to a lower production volume that has not effectively distributed fixed costs [1] Asset Management - The company has made provisions for impairment on various assets, including inventory, fixed assets, construction in progress, intangible assets, and accounts receivable, which significantly impacted the current period's profit [1]