星云股份：预计2025年全年净亏损1.55亿元—2.30亿元

Core Viewpoint - The company, Xingyun Co., Ltd., is forecasting a significant net loss for the year 2025, with expected losses ranging from 155 million to 230 million yuan for net profit attributable to shareholders, and from 170 million to 248 million yuan for net profit after deducting non-recurring gains and losses [1]. Summary by Categories Financial Performance - The company anticipates a net loss of 155 million to 230 million yuan for 2025, with a net loss of 170 million to 248 million yuan when excluding non-recurring items [1]. - Non-recurring gains and losses are expected to impact the net profit attributable to shareholders by approximately 22 million yuan [1]. Reasons for Performance Change - Increased expenses and business transformation are primary reasons for the anticipated losses, including heightened investment in new technologies and products, as well as rising labor costs [1]. - The company is in a transitional phase, focusing on expanding its lithium battery equipment business, with energy storage and fast-charging products not yet generating significant revenue [1]. - Investment losses from associated companies have increased compared to the previous year, contributing to the overall financial strain [1]. - The company has made provisions for asset impairment based on accounting policies, affecting the financial results [1]. Future Outlook - Despite the losses, the company aims to maintain its core technological advantages in battery testing and power electronics, with ongoing improvements in cash flow from operating activities [1]. - The company plans to promote its energy storage system products and will focus on enhancing revenue through various initiatives in 2026, including project construction and cost control measures [1].