德力股份：预计2025年全年净亏损1.70亿元—2.20亿元

Core Viewpoint - The company, Delixi Co., Ltd., anticipates a significant net loss for the year 2025, with projected losses ranging from 170 million to 220 million yuan, primarily due to various operational challenges and industry conditions [1] Financial Performance - The expected net profit attributable to shareholders for 2025 is projected to be between -220 million yuan and -170 million yuan [1] - The net profit after deducting non-recurring gains and losses is expected to be between -193 million yuan and -143 million yuan [1] Reasons for Performance Change - The company's wholly-owned subsidiary, Bengbu Delixi Solar Energy Materials Co., Ltd., is expected to incur a loss of approximately 145 million yuan due to structural supply-demand issues in the photovoltaic industry and international trade environment, alongside depreciation, asset impairment, financial expenses, and personnel costs [1] - The company is undergoing a transformation from coal-fired kilns to natural gas kilns, leading to a dismantling loss of about 25 million yuan due to some coal-fired kilns not reaching their expected lifespan [1] - Impairment losses of approximately 8 million yuan are anticipated for idle fixed assets as part of the company's production line planning [1] - The company has terminated its medicinal glass project and the Beihai project, resulting in an impairment loss of about 7 million yuan for expenditures incurred during the preparation phase [1] - Increased market competition has prompted the company to upgrade product offerings and adjust product structure, leading to an increase in inventory impairment losses of approximately 10 million yuan [1] - The company recognized a fair value loss of about 10 million yuan on a small proportion of non-main business equity holdings, classified as non-recurring gains and losses [1]