鑫铂股份(003038.SZ)：预计2025年净亏损1.38亿元–1.98亿元

Core Viewpoint - Xinbo Co., Ltd. (003038.SZ) is expected to report a net loss of 138 million to 198 million yuan for the fiscal year 2025, compared to a profit of 168 million yuan in the same period last year [1] Financial Performance - The net profit attributable to shareholders is projected to be a loss of 150 million to 210 million yuan after excluding non-recurring gains and losses, down from a profit of 141 million yuan in the previous year [1] Industry Context - The photovoltaic industry is still undergoing a phase of adjustment, with prices across the entire supply chain remaining under pressure [1] - The processing fees for the company's photovoltaic products are continuing to trend downward [1] Asset Management - In the fourth quarter, the company conducted impairment testing on its photovoltaic segment assets based on a principle of prudence, leading to the recognition of asset impairment provisions in accordance with accounting standards [1] Operational Challenges - The company's new energy vehicle and recycled aluminum segments are currently in a capacity ramp-up phase, with efficiency and results not meeting expectations [1]