安凯微(688620.SH)：2025年预亏1.2亿元至1.5亿元

Core Viewpoint - Ankai Micro (688620.SH) is expected to report a net loss attributable to shareholders of the parent company ranging from -120 million to -150 million yuan for the year 2025, indicating an increase in losses compared to the previous year [1] Financial Performance - The net profit attributable to shareholders, excluding non-recurring gains and losses, is projected to be between -122 million and -152 million yuan, also reflecting an increase in losses year-on-year [1] - Despite the anticipated losses, the company experienced a growth in shipment volume compared to the same period last year, leading to a stable increase in operating revenue [1] Market Conditions - The company benefited from sustained market demand and the successful introduction of some new products into the market [1] - However, the industry continues to face intense competition, resulting in ongoing price pressure on certain product lines, which has led to a year-on-year decline in gross profit, despite a slight easing in the fourth quarter of 2025 [1]