华锦股份：预计2025年全年净亏损160000万元—190000万元

Core Viewpoint - Huajin Co., Ltd. is expected to report a net loss of 1.6 billion to 1.9 billion yuan for the year 2025, indicating a significant decline in profitability compared to the previous year, but with a narrower loss margin [1] Financial Performance - The projected net profit attributable to shareholders for 2025 is a loss of 1.6 billion to 1.9 billion yuan, with a non-GAAP net profit loss estimated at 1.63 billion to 1.93 billion yuan, representing a year-on-year decrease of 43.76% to 33.41% [1] - The company’s net loss is expected to be less severe compared to the previous year, indicating some improvement in financial performance despite ongoing challenges [1] Factors Affecting Performance - The company’s performance is constrained by multiple factors, including adverse international conditions, lower-than-expected downstream demand, accelerated replacement by new energy vehicles, and persistently low product prices [1] - In response to these challenges, the company has implemented measures such as product structure adjustments, energy-saving initiatives, and cost control to mitigate losses [1]