新光光电：预计2025年减亏3295.84万元至2495.84万元

Core Viewpoint - The company expects to report a significant loss in net profit for 2025, despite a projected revenue of approximately 116 million yuan, indicating challenges in both military and civilian product deliveries [1] Revenue and Profit Forecast - The company anticipates achieving an operating revenue of about 116 million yuan, with an adjusted revenue of approximately 113 million yuan after excluding non-core business income [1] - The projected net profit attributable to shareholders is expected to be a loss ranging from 35 million to 43 million yuan, representing a reduction in losses of 32.96 million to 24.96 million yuan [1] - The net profit after excluding non-recurring gains and losses is forecasted to be a loss between 53.85 million and 61.85 million yuan, with a reduction in losses of 28.52 million to 20.52 million yuan [1] Reasons for Revenue Decline - The decrease in revenue is primarily attributed to military products, where some R&D products have been delivered but are undergoing system integration and testing, failing to meet acceptance criteria [1] - Certain models of mass-produced products did not complete delivery within the reporting period, contributing to the revenue decline [1] - In the civilian product sector, there was a year-on-year decrease in contract orders during the reporting period [1] Cost Management and Government Support - The company's period expenses decreased by approximately 24% year-on-year, indicating improved cost management [1] - The company received tax refunds and government subsidies related to operations, which increased by about 102% year-on-year, providing some financial relief [1] - These combined factors led to a revenue decline of approximately 32%, while the net profit attributable to the parent company showed a reduction in losses [1]