SHINRY(SZ:300745) Jing Ji Guan Cha Wang·2026-02-11 04:51Core Viewpoint - Xinyi Technology (stock code: 300745) has announced a forecast for 2025, expecting a net loss of between 110 million to 130 million yuan, with operating revenue projected to be between 2.6 billion to 2.8 billion yuan. The primary reasons for the loss include intensified market competition, increased R&D and management expenses, and asset impairment provisions [1][2]. Financial Performance - The company anticipates a net profit loss attributable to shareholders of between 110 million to 130 million yuan for 2025, with operating revenue expected to be between 2.6 billion to 2.8 billion yuan. The main factors contributing to this loss are pressure on gross margins due to market competition, rising R&D and management costs, and asset impairment provisions [2]. Project Development - According to institutional research information from November 20, 2025, Xinyi Technology's Anhui project will adopt a "one-time planning, phased construction" model, with the first phase expected to begin trial production in September 2026 and the second phase planned for operation in June 2027. This project aims to expand production capacity and broaden technology applications [3]. Financial Situation - As of February 2, 2026, the company's financing balance stands at 225 million yuan, accounting for 5.17% of its circulating market value, which exceeds the 80th percentile level over the past year, indicating a high level of short-term funding attention [4]. Business and Technology Development - In November 2025, the company launched the 9th generation platform "Ruihu" for vehicle power supplies and is extending its capabilities into the AI server power supply sector based on power electronics technology. Additionally, the company continues to invest in third-generation semiconductors (such as silicon carbide and gallium nitride) to enhance product competitiveness [5].