Ming Jewelry(SZ:002574) 智通财经网·2026-01-30 12:39Core Viewpoint - Mingpai Jewelry (002574.SZ) expects a net loss attributable to shareholders of between 280 million to 380 million yuan for the fiscal year 2025, with a net loss of 300 million to 390 million yuan after excluding non-recurring gains and losses [1] Group 1: Company Performance - The company anticipates a significant increase in losses due to the ongoing downturn in the photovoltaic industry, characterized by intense competition and low product prices [1] - The fixed asset depreciation for the photovoltaic battery business has increased compared to the previous year, contributing to the expected rise in losses [1] - The company plans to recognize asset impairment provisions, further impacting the overall profitability [1] Group 2: Industry Context - The photovoltaic industry is currently experiencing a cyclical downturn, which is affecting the financial performance of companies within the sector [1] - The competitive landscape in the photovoltaic battery industry remains fierce, leading to sustained low pricing for products [1]