众合科技：2025年全年预计净亏损4000万元—6000万元

Core Viewpoint - Zhonghe Technology is expected to report a net loss of 40 million to 60 million yuan for the year 2025, with a net loss excluding non-recurring gains and losses projected to be between 65 million and 85 million yuan [1] Group 1: Financial Performance - The company's operating revenue is expected to increase year-on-year, but the gross profit margin of delivered projects has decreased compared to the same period last year due to competition in the domestic market and challenges in international business expansion [1] - Non-recurring gains have decreased compared to the previous year due to reasons such as equity disposal in the prior year [1] Group 2: Cost and Investment Factors - Increased depreciation and other expenses are anticipated as the Shanxi monocrystalline base becomes operational, leading to higher costs compared to the previous year [1] - The financing scale has increased due to investments in the semiconductor Pujiang base, resulting in higher financial expenses compared to the previous year [1] - The company has increased R&D and scenario development investments as part of its strategic transformation in aerospace and information business [1]