HAIMO(SZ:300084) Zhong Guo Zheng Quan Bao·2026-01-29 10:04Core Viewpoint - The company, Haimer Technology, forecasts a net loss of 37.5 million to 75 million yuan for 2025, a significant improvement from the previous year's loss of 228 million yuan [4]. Financial Performance - The expected net profit loss for 2025 is between 37.5 million and 75 million yuan, while the non-recurring net profit loss is projected to be between 38 million and 75.5 million yuan, compared to a loss of 229 million yuan in the previous year [4]. - The company's price-to-book ratio (LF) is approximately 4.54 times, and the price-to-sales ratio (TTM) is about 9.36 times based on the latest closing price [4]. Business Operations - The company focuses on high-end equipment manufacturing, technical services, and digital business for oil and gas fields, aiming to provide innovative technologies, products, and services for production optimization and reservoir management [12]. - The primary reasons for the expected losses include intensified market competition leading to decreased sales revenue and gross margin in fracturing equipment-related businesses, although the loss margin has narrowed compared to the previous year [12]. - The company is implementing a strategy to focus on core business areas, enhancing the research and development of multiphase metering products and related services, with positive progress noted in the Middle East [12]. - The company plans to make impairment provisions for certain inventories and assets showing signs of impairment, with specific amounts to be determined based on audit results [12].