HT-SAAE(SH:600151) Zhi Tong Cai Jing·2026-01-23 11:09Core Viewpoint - Aerospace Electromechanical (600151.SH) has announced a projected net loss of 390 million to 580 million yuan for the fiscal year 2025, primarily due to challenges in its photovoltaic and automotive parts industries [1] Group 1: Financial Performance - The company expects a net profit attributable to shareholders to be a loss between 390 million yuan and 580 million yuan for 2025 [1] - The anticipated loss is attributed to a combination of factors affecting both the photovoltaic and automotive parts sectors [1] Group 2: Industry Challenges - The photovoltaic industry is facing overcapacity, intensified competition, power restriction policies, and adjustments in electricity pricing mechanisms, leading to a decline in both volume and price of photovoltaic components and power generation [1] - The automotive parts sector is experiencing weaker-than-expected demand from major clients and rising aluminum prices, contributing to the overall financial difficulties [1] Group 3: Asset Impairment - Due to the mismatch in supply and demand within the photovoltaic sector, insufficient operating rates, and persistently low market prices for photovoltaic products, the company's profitability in this area has decreased [1] - The company has conducted impairment tests on related assets and has made provisions for asset impairment in accordance with accounting standards and internal policies [1]