新益昌：2025年年度预计亏损1.1亿-1.6亿元

Core Viewpoint - The company expects a significant net loss for the year 2025, with projected losses attributed to insufficient growth in the traditional LED market and increased operational pressures during the transition period between old and new business models [1] Financial Performance - The projected net profit attributable to the parent company for 2025 is expected to be between -160 million to -110 million yuan, compared to a profit of 40.46 million yuan in the same period last year [1] - The expected non-recurring net profit for 2025 is forecasted to be between -161 million to -111 million yuan, down from 30.68 million yuan in the previous year [1] Operational Challenges - The company faces operational challenges due to the transition between old and new business models, which is impacting overall performance [1] - There has been an increase in provisions for bad debts related to accounts receivable and inventory write-downs compared to the previous year, contributing to the anticipated losses [1] - Increased research and development expenses are also a factor in the projected financial performance [1]