精艺股份：预计2025年亏损2817.96万元-5233.36万元

Core Viewpoint - The company Jingyi Co., Ltd. (002295) has announced a significant expected loss for the fiscal year 2025, projecting a net loss attributable to shareholders between 28.18 million yuan and 52.33 million yuan, compared to a profit of 27.71 million yuan in the same period last year [4]. Financial Performance - The expected net profit for 2025 is projected to be a loss of 28.18 million yuan to 52.33 million yuan, with a previous year's profit of 27.71 million yuan [4]. - The expected non-recurring net profit loss is estimated between 32.52 million yuan and 60.39 million yuan, compared to a profit of 19.60 million yuan in the previous year [4]. - The basic earnings per share are projected to be between -0.11 yuan and -0.21 yuan [4]. Valuation Metrics - The company's latest closing price indicates a price-to-book ratio (LF) of approximately 2.29 times and a price-to-sales ratio (TTM) of about 0.67 times [4]. - Historical price-to-earnings (P/E) ratios have shown significant fluctuations, with the company experiencing a negative P/E ratio due to the projected losses [16]. Industry Context - The company focuses primarily on the copper processing industry, which has been impacted by substantial bad debt losses during the reporting period [11]. - Historical net profit and non-recurring net profit figures indicate a downward trend, with expected losses for 2025 reflecting a continuation of this trend [12].