NUODE(SH:600110) Ge Long Hui A P P·2026-01-28 09:13Core Viewpoint - Nord Shares (600110.SH) expects a net loss of approximately 26 million yuan for the fiscal year 2025, which represents a year-on-year reduction in loss by about 26.07% compared to the previous year [1] Financial Performance - The company anticipates a net profit attributable to shareholders, excluding non-recurring gains and losses, of around -17.5 million yuan for 2025 [1] - The overall production line utilization rate did not meet expectations due to market expansion and order delivery schedules, leading to underutilization of capacity [1] Market Conditions - The price of copper, a key raw material for copper foil, has been on an upward trend, particularly with significant increases in the fourth quarter, which, along with relatively low processing fees for copper foil throughout the year, has further compressed profit margins [1] Product Performance - Sales of ultra-thin copper foil products increased by 24% compared to the same period last year, with these products having a higher gross margin than conventional products, contributing to an overall improvement in the company's comprehensive gross margin compared to the previous year [1]