智通财经网·2026-02-02 07:22Core Viewpoint - Kaisheng New Energy (01108) is experiencing a decline in stock price, dropping over 3% to HKD 3.7, with a trading volume of HKD 13.1761 million. The company has projected significant increases in net losses for the upcoming years, indicating ongoing financial challenges in the photovoltaic glass sector [1]. Financial Performance - The company expects a net loss attributable to shareholders for 2025 to increase by RMB 90.07 million to RMB 290 million compared to the previous year [1]. - The net loss excluding non-recurring items for 2025 is projected to rise by approximately RMB 160 million to RMB 360 million year-on-year [1]. - For 2024, the anticipated net loss attributable to shareholders is around RMB 610 million, with the net loss excluding non-recurring items estimated at RMB 642 million [1]. Operational Challenges - The primary reasons for the reported operational losses include persistent supply-demand pressure in the photovoltaic glass market, leading to further declines in gross margins [1]. - The company has also made provisions for asset impairments based on a cautious approach due to signs of impairment [1].