2025年净利润同比减亏超两成，狮头股份业绩持续改善

Core Viewpoint - Lionhead Co., Ltd. (600539.SH) anticipates a significant reduction in losses for the fiscal year 2025, projecting a net loss of between 22.7 million to 18.2 million yuan, representing a year-on-year improvement of 23.36% to 38.55% [1] Group 1: Financial Performance - The company's operating revenue is expected to remain stable compared to the previous year, but the loss margin is expected to narrow significantly [1] - The projected net profit attributable to shareholders is estimated to be between -22.7 million to -18.2 million yuan, with a year-on-year reduction in losses of 23.36% to 38.55% [1] - The expected non-recurring net profit is projected to be between -25.7 million to -21.2 million yuan, reflecting a year-on-year reduction in losses of 27.96% to 40.57% [1] Group 2: Business Strategy - The company is facing challenges in its e-commerce business due to intensified industry competition and product homogeneity, leading to pressure on sales revenue [1] - Lionhead Co., Ltd. is actively optimizing inventory structure and accelerating inventory turnover while clearing out underperforming stock, which has impacted profit margins [1] - The company aims to deepen its e-commerce operations while pursuing mergers and acquisitions to create a second growth curve [2] Group 3: Mergers and Acquisitions - In 2025, Lionhead Co., Ltd. initiated a merger and acquisition process to acquire 97.44% of Hangzhou Lipo Technology Co., Ltd. for 662.4 million yuan, with the acquisition progressing smoothly [2] - Lipo Technology, established in 2012, is recognized as a national high-tech enterprise and specializes in industrial machine vision technology [3] - The acquisition is expected to enhance Lionhead Co., Ltd.'s performance and allow entry into the machine vision sector, potentially expanding its growth opportunities [3]