掌阅科技预计2025年首次年度亏损，股价却因AI概念催化涨停

Core Viewpoint - The company, Zhangyue Technology, is expected to report its first annual loss since its listing, with a projected net profit of approximately -195 million yuan for 2025, as it undergoes a strategic transformation towards becoming a multi-modal content production and operation platform in the AI era [1] Group 1: Performance Overview - For the first three quarters of 2025, the company's operating revenue increased by 28.68% year-on-year, and the loss in the third quarter has narrowed [2] - Despite the revenue growth, high expenditures related to market promotion and business investments have led to an overall annual loss [2] Group 2: Stock Performance - The company's stock has shown strong performance recently, with a price increase to 31.09 yuan as of February 11, 2026, marking a series of consecutive trading days of gains [3] - The rise in stock price is primarily attributed to the excitement around AI applications, particularly the AI comic series concept, contrasting with the company's fundamental losses [3]