厦工股份(600815.SH)：2025年度预亏5800万元至8700万元

Core Viewpoint - Xiamen XGMA Machinery Co., Ltd. (600815.SH) is expected to report a net loss attributable to shareholders of the parent company ranging from -87 million to -58 million yuan for the fiscal year 2025, indicating a significant downturn in profitability [1] Financial Performance - The company anticipates a net profit attributable to shareholders, excluding non-recurring gains and losses, to be between -135 million and -98 million yuan for 2025 [1] - The shield tunneling machine business has experienced a substantial decline in revenue and profit year-on-year due to slowed project progress in the region [1] Business Development - The newly developed intelligent mining truck business is still in the ramp-up phase and has yet to achieve significant scale [1] - The company has made additional provisions for bad debts on accounts receivable, based on the declining valuation of real estate collateral provided by customers, to further solidify the value of its receivables [1]