纳芯微：2025年全年预计净亏损2.00亿元—2.50亿元

Core Viewpoint - The company, 纳芯微, forecasts a narrowing of losses for the year 2025, with expected net profit attributable to shareholders ranging from -250 million to -200 million yuan, a reduction of 152.88 million to 202.88 million yuan compared to the previous year [1] Group 1: Financial Performance - The company anticipates a revenue of 3.3 billion to 3.4 billion yuan for 2025, representing a year-on-year growth of 68.34% to 73.45% [1] - The expected narrowing of losses is primarily attributed to strong revenue growth, despite an increase in operating expenses [1] Group 2: Business Drivers - Growth in the automotive electronics sector is expected to drive demand, with the company’s related products seeing increased volume [1] - The overall recovery in the energy sector, particularly in photovoltaic and energy storage fields, is contributing to the demand, alongside rapid growth in server power clients driven by AI [1] - The consolidation of 麦歌恩 into the company’s financials is positively impacting revenue growth [1] Group 3: Expense Factors - The company has seen an increase in sales, management, and R&D expenses due to investments in R&D, market expansion, supply chain development, product quality management, and talent acquisition [1] - Share-based payment expenses are projected to be approximately 86.97 million yuan, an increase of about 22.67% compared to the previous year [1]