BLEST(SH:603959) Ge Long Hui A P P·2026-01-28 09:51Core Viewpoint - The company, Baile Technology (603959.SH), is expected to report a net loss attributable to shareholders of the parent company ranging from 140 million to 200 million yuan for the fiscal year 2025, indicating a reduction in losses compared to the previous year [1] Financial Performance - The projected net profit attributable to shareholders, excluding non-recurring gains and losses, is expected to be between 170 million and 230 million yuan, also reflecting a decrease in losses compared to the previous year [1] - The anticipated reduction in losses is estimated to be between 201 million and 261 million yuan for the net profit and between 169 million and 229 million yuan for the net profit excluding non-recurring items [1] Reasons for Performance - The primary reasons for the expected loss include: 1. The overall recovery in the new energy lithium battery and traditional energy petrochemical industries in 2025, but the company's production line systems require installation, debugging, trial production, and completion acceptance processes, leading to a longer revenue recognition cycle [1] 2. Delays in the delivery and acceptance of certain historical projects have significantly reduced the gross profit from these projects, alongside provisions for credit impairment losses on accounts receivable [1]