szclou(SZ:002121) Ge Long Hui A P P·2026-01-30 12:51Core Viewpoint - The company, Kelu Electronics, forecasts a net loss of 115 million to 170 million yuan for the fiscal year 2025, an improvement from a loss of 464 million yuan in the previous year [1] Financial Performance - The net profit attributable to shareholders is expected to be a loss of 125 million to 180 million yuan, compared to a loss of 477 million yuan in the same period last year [1] - The company's revenue is projected to increase year-on-year due to a significant rise in the delivery volume of energy storage projects [1] Industry Context - The energy storage industry is experiencing rapid growth, with continuous expansion in market demand, which the company is strategically leveraging [1] - Despite the growth in revenue, the gross margin of the energy storage business has declined compared to the previous year due to intensified market competition and fluctuations in raw material prices [1] Operational Insights - The gross margin for domestic energy storage projects recognized in the fourth quarter was relatively low, further impacting the overall gross margin of the energy storage business [1] - The proportion of energy storage business in the company's total revenue has significantly increased compared to the previous year, contributing to a decline in the overall gross margin [1]