明新旭腾(605068.SH)发预亏，预计2025年度归母净亏损9000万元至1.3亿元

Core Viewpoint - Mingxin Xuteng (605068.SH) is expected to report a net loss attributable to shareholders of the parent company ranging from 90 million to 130 million yuan for the fiscal year 2025, indicating a significant downturn in performance [1] Group 1: Reasons for Expected Loss - The primary reason for the anticipated loss is the intensified price competition within the automotive industry, coupled with excessive annual decline pressure and changes in product structure, leading to a continuous decrease in the gross profit margin of the main business and a narrowing of product profitability [1] - The company has experienced increased depreciation and amortization due to the conversion of previously constructed projects into fixed assets, further compressing profit margins [1] - In accordance with the "Enterprise Accounting Standards" and related regulations, the company has identified and tested impairment indicators for various assets as of December 31, 2025, and plans to make provisions for asset impairments, which will significantly impact the overall performance for 2025 [1] - Rising costs and expenses are attributed to investments in the construction of a factory in Mexico, expansion into overseas markets, and the establishment of new domestic businesses, which have led to a year-on-year increase in expenditures, further affecting current profits [1]