雷曼光电：预计2025年全年归属净利润亏损3300万元至4500万元

Core Viewpoint - Lehman Optoelectronics is expected to report a net profit loss of between 33 million to 45 million yuan for the entire year of 2025 due to various adverse factors impacting its financial performance [1] Group 1: Revenue Decline - The company's overall revenue is projected to decline by approximately 15% year-on-year, primarily due to a 23% decrease in revenue from U.S. operations influenced by changes in U.S. tariff policies and geopolitical conflicts, as well as intensified domestic competition leading to downward pressure on product prices [2] - To address these challenges and diversify its business, the company has established a new subsidiary in Japan, built product showrooms in Europe and the Middle East, and expanded partnerships in Southeast Asia, with some markets experiencing revenue growth exceeding 30% year-on-year [2] Group 2: Inventory Write-downs - The company has increased its inventory write-down provisions due to intensified industry competition, which necessitated multiple rounds of price adjustments to stabilize market share and accelerate inventory turnover, resulting in some inventory's net realizable value falling below cost [3] Group 3: Exchange Losses - The company has faced increased exchange losses due to currency fluctuations, which have led to a rise in financial expenses and negatively impacted current profits [3] Group 4: Financial Performance - For the first three quarters of 2025, the company's main revenue was 867 million yuan, a year-on-year decrease of 8.41%, while the net profit attributable to shareholders rose by 120.46% to 8.87 million yuan [4] - In the third quarter of 2025, the company reported a single-quarter main revenue of 302 million yuan, an increase of 4.86% year-on-year, and a net profit attributable to shareholders of 4.01 million yuan, up 107.87% [4] - The company's debt ratio stands at 43.68%, with investment income of 2.60 million yuan and financial expenses of -1.06 million yuan, while the gross profit margin is 24.83% [4]