BLEST(SH:603959) Ge Long Hui·2026-01-28 10:04Core 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] Industry Context - The overall recovery in the new energy lithium battery and traditional energy petrochemical industries in 2025 is noted, but the company faces challenges due to the lengthy process of installation, debugging, trial production, and acceptance testing of its production lines [1] - Delays in the delivery and acceptance of certain historical projects have significantly reduced the gross profit from these projects, compounded by the need to account for credit impairment losses on accounts receivable [1]