江特电机：2025年全年预计净亏损3.10亿元—3.70亿元

Core Viewpoint - Jiangte Electric has announced a profit warning for the year 2025, expecting a net loss attributable to shareholders of between 310 million to 370 million yuan, and a net loss excluding non-recurring items of between 220 million to 280 million yuan [1] Group 1: Financial Performance - The company anticipates a significant net loss for 2025, with projected losses of 310 million to 370 million yuan [1] - The expected net loss excluding non-recurring items is estimated to be between 220 million to 280 million yuan [1] Group 2: Operational Challenges - The core lithium mine, Qikeng, has not yet commenced production, leading to reliance on externally sourced lithium ore, which is closely tied to market prices [1] - The decline in gross profit for lithium salt products is attributed to market environment factors, resulting in operational losses for the company [1] - The company's lithium salt business is affected by fluctuations in lithium carbonate market prices, which have led to increased losses from changes in the fair value of embedded derivative financial instruments [1] Group 3: Growth in Other Segments - The company has increased its research and development investment in the motor segment, resulting in a significant rise in new product orders [1] - Sales revenue and net profit in the motor segment have shown steady growth during the reporting period [1]