天岳先进：2025年预亏1.85亿元—2.25亿元

Core Viewpoint - Tianyue Advanced (688234) forecasts a significant decline in revenue and net profit for the fiscal year 2025, indicating challenges in the market and strategic adjustments impacting financial performance [1] Financial Performance - The company expects to achieve an operating revenue of between 1.45 billion to 1.5 billion yuan for 2025, representing a year-on-year decrease of 15.17% to 17.99% compared to the previous year [1] - The anticipated net loss attributable to shareholders for 2025 is projected to be between 185 million to 225 million yuan, contrasting with a profit of 179 million yuan in the same period last year [1] Market Dynamics - Despite an increase in the sales volume of substrate products, the overall revenue has declined due to falling market prices [1] - The average price of the company's products has decreased, influenced by domestic market competition and a strategic decision to expand market share, which has led to a reduction in sales revenue [1]