HT-SAAE(SH:600151) 智通财经网·2026-01-23 11:08Core Viewpoint - Aerospace Electromechanical (600151.SH) is expected to report a net loss of 390 million to 580 million yuan for the fiscal year 2025 due to challenges in its photovoltaic and automotive parts industries [1] Group 1: Reasons for Expected Loss - The primary reason for the expected loss is the oversupply and intensified competition in the photovoltaic industry, compounded by power rationing 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 facing dual pressures from lower-than-expected demand from major clients and rising aluminum prices, which have contributed to overall losses despite the company's efforts to reduce costs and improve quality and efficiency [1] - The profitability of the photovoltaic business has declined due to mismatches in supply and demand, insufficient operating rates, persistently low market prices for photovoltaic products, adjustments in electricity pricing mechanisms, and power rationing policies, leading to indications of asset impairment [1]