ST帕瓦(688184.SH)：2025年预亏5.5亿元至7亿元

Core 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, to be 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 losses is the company's strategic decision to optimize the quality of its business by streamlining and refining the sales order structure [1] Cost Structure - High fixed costs, including depreciation of fixed assets, have hindered effective cost distribution due to low production and sales volumes [1] - 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 current profits [1]