研发投入大增叠加原材料价格波动，阿石创2025年预亏4000万元-6000万元

Core Viewpoint - The company, Astone, announced a forecast for its 2025 annual performance, expecting a net loss attributable to shareholders in the range of RMB 40 million to 60 million, compared to a net loss of RMB 25.34 million in the same period last year [2] Financial Performance Summary - The expected net profit after deducting non-recurring gains and losses is projected to be a loss between RMB 30 million and 45 million, while the previous year's figure was a loss of RMB 41.84 million [2] Reasons for Performance Change - The announcement cites two main reasons for the performance change: 1. Significant increase in R&D investments related to special projects and terminal collaborations compared to the previous year [2] 2. Investment losses and fair value changes due to the company's hedging activities and silver leasing business, which were impacted by substantial increases in raw material prices during the reporting period [2]