海目星(688559.SH)：2025年预亏8.5亿元至9.1亿元

Core Viewpoint - The company, HaiMuxing (688559.SH), anticipates a significant increase in net losses for the fiscal year 2025 compared to the previous year, primarily due to industry challenges and increased operational costs [1] Financial Performance - The projected net profit attributable to the parent company's owners for 2025 is expected to be between -910 million yuan and -850 million yuan [1] - The expected net profit after deducting non-recurring gains and losses is projected to be between -980 million yuan and -920 million yuan [1] Industry Challenges - The lithium battery and photovoltaic industries are experiencing overcapacity, leading to intensified market competition and persistently low product prices [1] - The company faces increased difficulty in cost control, which is putting pressure on its operations [1] Impairment Testing and Strategic Investments - The company is conducting impairment tests on ongoing projects based on prudence principles, resulting in recognized impairment losses that negatively impact current profits [1] - To ensure long-term development, the company is increasing strategic R&D investments and actively expanding into overseas markets, which has led to a rise in related expenses that further affect current profit performance [1]