长阳科技(688299.SH)：2025年预亏1.16亿元至1.68亿元

Core Viewpoint - Changyang Technology (688299.SH) is expected to report a significant increase in losses for the fiscal year 2025, with projected net losses ranging from 168 million to 116 million yuan, marking an increase of 86.56 million to 138.56 million yuan compared to the previous year [1] Financial Performance - The company anticipates a net profit attributable to shareholders, excluding non-recurring gains and losses, to be between -172 million and -120 million yuan, which represents an increase in losses of 71.11 million to 123.11 million yuan year-on-year [1] Product Performance - The company's main product, reflective film, has maintained a stable base; however, the competitive landscape for lithium battery separators, adhesive films, and optical base films has intensified due to macroeconomic conditions and market supply-demand dynamics [1] - In response to the competitive environment, the company has reduced sales and production of low-margin products such as lithium battery separators and adhesive films, leading to a decline in overall revenue [1] Impairment Losses - The company has increased provisions for impairment losses on fixed assets and construction in progress related to lithium battery separators, adhesive films, and optical base films due to the anticipated decline in revenue [1]