曙光股份(600303.SH)：2025年预亏3亿元到3.6亿元

Core Viewpoint - The company Shuguang Co., Ltd. (600303.SH) expects a net loss attributable to shareholders of the parent company for the year 2025, ranging from -300 million to -360 million yuan [1] Group 1: Financial Performance - The expected net profit after deducting non-recurring gains and losses for 2025 is projected to be between -305 million and -365 million yuan [1] - The anticipated credit impairment loss for 2025 is approximately 30 million yuan, while asset impairment losses on certain inventories and fixed assets are expected to total around 20 million yuan, leading to a combined increase of about 34 million yuan year-on-year [1] Group 2: Business Challenges - The main reasons for the expected loss include intensified market competition affecting the company's main business of automotive complete vehicles and axle and components, resulting in production and sales volumes not meeting expectations [1] - The existing gross profit is insufficient to cover fixed costs and expenses due to the underperformance in vehicle production and sales [1]