华安鑫创：2025年全年净亏损1.00亿元—1.35亿元

Core Viewpoint - The company Huazhong Xinchang is forecasting a significant net loss for the year 2025, with expected losses ranging from 100 million to 135 million yuan, representing a year-on-year decrease of 31.48% to 77.49% [1] Group 1: Financial Performance - The projected net profit attributable to shareholders for 2025 is expected to be a loss of 100 million to 135 million yuan, a decrease of 31.48% to 77.49% year-on-year [1] - The projected net profit excluding non-recurring gains and losses is expected to be a loss of 105 million to 140 million yuan, a decrease of 27.30% to 69.74% year-on-year [1] Group 2: Factors Affecting Performance - The company's performance is impacted by three main factors: 1. The company is in a critical phase of orderly capacity ramp-up, leading to significant upfront investments in R&D, trial production, and related management expenses [1] 2. Although joint ventures have begun to generate scale revenue, they are still in a key investment phase for R&D and system construction, resulting in losses recognized under the equity method [1] 3. A reduction in deferred tax assets due to the recognition of subsidiaries as high-tech enterprises has increased income tax expenses, negatively affecting net profit [1] Group 3: Strategic Initiatives - The company is actively pursuing a multi-dimensional operational strategy to solidify its development foundation, including successful entry into the supply chains of major domestic automotive companies and securing multiple mass production projects [1] - Efforts are being made to optimize organizational structure and cost control systems to enhance resource efficiency and per capita effectiveness [1] - The company emphasizes sustainable growth as a core strategic focus, with current investments aimed at laying the groundwork for future scalable development [1]