昱能科技：预计2025年全年净亏损1.40亿元—1.15亿元

Core Viewpoint - YN Technology is expected to report a net loss attributable to shareholders of between -140 million to -115 million yuan for the year 2025, primarily due to challenges in the European photovoltaic market and increased R&D expenses [1] Group 1: Financial Performance - The projected net profit for 2025 is expected to be between -160 million to -135 million yuan when excluding non-recurring gains and losses [1] - The company anticipates a significant decline in sales and gross profit from micro-inverters due to a substantial year-on-year decrease in household photovoltaic installations in Europe [1] Group 2: Market Conditions - The European photovoltaic market has been adversely affected by fluctuations in energy prices and the reduction of support policies for household photovoltaic systems [1] Group 3: R&D and Innovation - The company continues to drive innovation through R&D, leading to a rapid increase in R&D expenses as it enhances its integrated solar-storage product matrix and solutions [1] Group 4: Market Expansion - YN Technology is steadily advancing its localization channel construction in overseas markets, with increased efforts in emerging markets in Asia, Africa, and Latin America, resulting in a year-on-year increase in sales expenses [1]