光伏电池业务亏损，明牌珠宝预计2025年度归母净亏损2.8亿元至3.8亿元

Core Viewpoint - Mingpai Jewelry (002574.SZ) expects a net loss attributable to shareholders of 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 intensified competition in the photovoltaic battery industry and low product prices [1] - Fixed asset depreciation for the photovoltaic battery business has increased compared to the previous year, contributing to the overall loss [1] - The company plans to recognize asset impairment provisions, further impacting its financial performance [1] Group 2: Industry Context - The photovoltaic industry is currently experiencing a downward adjustment phase, which is affecting overall market conditions [1] - The competitive landscape within the photovoltaic battery sector remains fierce, leading to pressure on pricing and profitability [1]