Zhejiang Power New Energy (SH:688184) Zheng Quan Ri Bao·2026-01-19 23:21Core Viewpoint - Zhejiang Pawa New Energy Co., Ltd. is expected to reduce its losses in 2025 compared to the previous year, but still anticipates a significant net loss for the year [2][4]. Group 1: Performance Forecast - The company estimates a net profit attributable to shareholders of the parent company for 2025 to be between -700 million yuan and -550 million yuan, representing a reduction in losses of 26.5 million yuan to 176.5 million yuan, or a year-on-year decrease in losses of 3.65% to 24.29% [2][4]. - The expected net profit attributable to shareholders after deducting non-recurring gains and losses is projected to be between -695 million yuan and -545 million yuan, indicating a reduction in losses of 36.76 million yuan to 186.76 million yuan, or a year-on-year decrease in losses of 5.02% to 25.52% [2][4]. Group 2: Previous Year Performance - In 2024, the company reported a total profit of -725.73 million yuan, with a net profit attributable to shareholders of -726.50 million yuan, and a net profit after deducting non-recurring gains and losses of -731.76 million yuan, resulting in an earnings per share of -4.58 yuan [6]. Group 3: Reasons for Performance Changes - The primary reason for the losses is the company's initiative to optimize business quality by streamlining and optimizing the sales order structure. However, high fixed costs, such as depreciation of fixed assets, and low production and sales volumes have hindered effective cost allocation. Additionally, the company has made provisions for impairment on various assets, significantly impacting current profits [7].