家联科技(301193.SZ)：预计2025年净亏损5200万元-6900万元

Core Viewpoint - The company, JiaLian Technology (301193.SZ), expects a significant net loss for 2025, with a projected net profit attributable to shareholders ranging from -69 million to -52 million yuan, and a net profit excluding non-recurring gains and losses between -210 million and -160 million yuan [1] Financial Performance - The company anticipates a net profit attributable to shareholders of -69 million to -52 million yuan for 2025 [1] - The expected net profit after excluding non-recurring items is projected to be between -210 million and -160 million yuan [1] Operational Challenges - The company is strategically advancing the synchronous construction and adjustment of multi-site production capacity to optimize its global supply chain in response to a complex international trade environment [1] - New production bases are currently in the capacity construction and rapid ramp-up phase, leading to low overall capacity utilization [1] - High fixed depreciation and operating costs, along with increased manufacturing costs per unit, are attributed to the low capacity utilization [1] Financial Costs - The issuance of convertible bonds has resulted in increased interest expenses, contributing to a year-on-year rise in financial costs as per relevant accounting standards [1]