华鹏飞(300350.SZ)：预计2025年亏损3000万元—6000万元

Core Viewpoint - Huapengfei (300350.SZ) expects a loss of 30 million to 60 million yuan in 2025, contrasting with a profit of 17.14 million yuan in the same period last year, with a non-recurring loss of 4.5 million to 8.5 million yuan [1] Financial Performance - The company anticipates a significant negative impact on net profit due to non-recurring losses, primarily from its investment in Dongguan Jian Guang Huapeng Equity Investment Partnership, which holds approximately 9.76% of Dongguan Feite Semiconductor Holdings [1] - The expected fair value change loss for 2025 is projected to exceed 19 million yuan, subject to final confirmation by the auditing agency [1] Investment Risks - The investment in Dongguan Feite is affected by geopolitical factors, specifically the UK government's mandate for forced sale of its stake in Future Technology Devices International Limited (FTDI), which it indirectly holds 80.2% of [1] - There is a significant discrepancy between the latest sale offer and the investment account balance, indicating potential for substantial losses upon sale or forced divestment [1]