长城电工发预亏，预计2025年归母净亏损3.15亿元

Core Viewpoint - Great Wall Electric (600192.SH) is expected to report a net loss of 315 million yuan for the fiscal year 2025, indicating continued financial struggles compared to the previous year [1] Group 1: Financial Performance - The company anticipates a net loss attributable to shareholders of 315 million yuan for 2025, which reflects a decline from the previous year's performance [1] - The expected net loss, excluding non-recurring items, is projected to be 341 million yuan [1] Group 2: Operational Challenges - The ongoing operational losses are attributed to two main factors: high prices of key raw materials, particularly copper and silver, which have significantly pressured the company's gross profit margins [1] - Insufficient market demand and intensified industry competition have made it increasingly difficult for the company to secure orders, leading to a decline in revenue for 2025 [1] - Fixed and rigid costs could not be effectively allocated, contributing to the operational losses [1]