Xinyichang(SH:688383) Ge Long Hui·2026-01-28 09:20Core Viewpoint - The company, Xinyi Chang (688383.SH), is expected to report a net loss for the year 2025, with projected losses ranging from 160 million to 110 million yuan for the net profit attributable to the parent company [1] Financial Performance - The company anticipates a net profit attributable to the parent company of between -160 million yuan and -110 million yuan for 2025, with a similar range for the net profit after deducting non-recurring gains and losses [1] - The increase in bad debt provisions for accounts receivable and long-term receivables is attributed to weakened fundamentals of some clients [1] Industry Context - Traditional LED technologies in general lighting and consumer electronics have reached maturity, leading to insufficient market growth momentum [1] - The company is actively pursuing industrial structure upgrades and efficiency improvements, focusing on expanding into semiconductor and new display packaging technologies [1] Strategic Initiatives - The company plans to further advance its strategic transformation and refined management to build differentiated competitive advantages [2] - There is an emphasis on accelerating the expansion into overseas markets and deepening the layout of high value-added businesses to achieve sustainable high-quality development [2]