惠伦晶体发布年度业绩预告，投资者维权仍在进行中

Group 1 - The company expects a net profit loss of between 120 million to 160 million yuan for the year 2025, which is an improvement compared to the loss of 189 million yuan in the previous year [1][3] - The expected net profit loss, excluding non-recurring gains and losses, is projected to be between 130 million to 170 million yuan, while operating revenue is anticipated to remain stable at between 550 million to 620 million yuan [1][3] - The ongoing losses are attributed to intense competition in the consumer electronics sector, leading to persistently low product sales prices. The company has also made significant asset impairment provisions, estimating long-term asset impairment between 20 million to 25 million yuan and inventory impairment between 38 million to 50 million yuan [1][3] Group 2 - The company received an administrative penalty decision on January 12, 2026, due to previous disclosure violations, which have become a focal point for the market despite a temporary stock price increase of 10.27% influenced by commercial aerospace concepts [2][4] - The violations primarily involved two aspects: the misuse of related party funds in 2020, which inflated costs and reduced profits, and the use of false orders and fictitious business documents to inflate revenue, resulting in severely distorted financial data [2][4] - The first violation dates back to 2020 and has a broader scope than previously disclosed. The ongoing investor compensation efforts related to these violations are still in progress [2][4]