对美业务收入同比下降，雷曼光电2025年预亏3300万元至4500万元

Core Viewpoint - Lehman Optoelectronics forecasts a net loss attributable to shareholders for the fiscal year 2025, ranging from 33 million to 45 million yuan, representing a significant reduction in losses compared to the previous year's loss of 91.88 million yuan, with a year-on-year reduction rate expected to be between 51% and 65% [2] Financial Performance - The company anticipates a revenue of 1.05 billion to 1.08 billion yuan for the reporting period, indicating a decline compared to the previous year [2] - The net profit, excluding non-recurring gains and losses, is expected to be a loss of 45 million to 57 million yuan, with a year-on-year reduction of 47% to 59% [2] Factors Influencing Performance - Revenue from the U.S. market is expected to decline by approximately 23% due to changes in U.S. tariff policies and geopolitical conflicts, alongside intensified domestic competition leading to price pressures [2] - The company has implemented multiple rounds of price adjustments to stabilize market share, resulting in some inventory's net realizable value being lower than cost, prompting the company to make provisions for inventory write-downs based on prudence [2] - The depreciation of the U.S. dollar against the Chinese yuan has led to increased foreign exchange losses, contributing to higher financial expenses and impacting current profits [2] Strategic Initiatives - Despite facing short-term challenges, the company is actively promoting business diversification and market expansion [2] - New subsidiaries have been established in Japan, product showrooms in Europe and the Middle East, and partnerships in Southeast Asia, with some markets experiencing revenue growth exceeding 30% year-on-year [2] - The company continues to advance product upgrades, with positive market feedback on the newly launched "HD King·Cold Screen Master" series of ultra-energy-saving products, and the third-generation "Home Giant Wall" product based on PSE's core technology has been officially launched, expected to drive future performance growth [2]