Hymson(SH:688559) Ju Chao Zi Xun·2026-01-26 03:45Core Viewpoint - The company, HaiMuxing, forecasts a significant increase in net losses for the fiscal year 2025, primarily due to industry challenges such as overcapacity in the lithium battery and photovoltaic sectors, leading to intensified market competition and declining product prices [3]. Financial Performance - The projected net profit attributable to the parent company is expected to be between -9.1 billion to -8.5 billion yuan, a substantial increase in losses compared to the previous year's loss of -1.63 billion yuan [3]. - The net profit attributable to the parent company, after excluding non-recurring gains and losses, is anticipated to be between -9.8 billion to -9.2 billion yuan, compared to -2.16 billion yuan in the same period last year [3]. Operational Challenges - The core reasons for the performance decline include overcapacity in the lithium battery and photovoltaic industries, increased market competition, and challenges in cost control, which have significantly pressured operations [3]. - The company has conducted impairment tests on ongoing projects and recognized corresponding impairment losses, directly impacting current profits [3]. Strategic Initiatives - To ensure long-term development, the company is increasing its strategic R&D investments and actively expanding into overseas markets, which has led to a rise in related expenses, further affecting current profit performance [4]. - Notably, the company has shown signs of improvement in its performance for the fourth quarter of 2025, with expected year-on-year growth in net profit attributable to the parent company, indicating positive results from business adjustments [4].