铭利达终止13亿新能源项目，股价近期波动显著

Core Viewpoint - Minglida has announced the termination of its "New Energy Key Components Intelligent Manufacturing Project" in Zhaoqing, Guangdong, with a total investment of up to 1.3 billion yuan, citing market environment assessment and strategic adjustments as reasons for the decision, while emphasizing that it will not have a significant adverse impact on performance [1] Group 1: Project Termination - The project was signed in December 2022 but has remained in the preliminary planning stage [1] - The company has also announced the completion of the second phase of the Chongqing Minglida New Industrial Park on the same day [1] Group 2: Financial Performance - For 2025, the company expects a net loss attributable to shareholders of between 170 million yuan and 230 million yuan, marking two consecutive years of losses [1] - The Q3 2025 report shows total operating revenue of 2.366 billion yuan, a year-on-year increase of 25.5%, but a net loss attributable to shareholders of 37.09 million yuan, with losses narrowing by 61.4% year-on-year [3] - The third quarter saw a negative net profit, with a gross margin of 10.74%, indicating unstable profitability [3] - The primary reasons for continuous losses include high costs at overseas bases, the photovoltaic industry cycle, and financial expense pressures [3] - Institutions predict that the company may turn profitable for the entire year of 2025, but progress in overseas capacity release needs to be monitored [3] Group 3: Stock Performance - Over the past week (February 6 to 12, 2026), Minglida's stock price experienced significant volatility, with a single-day surge of 13.36% on February 6, closing at 22.57 yuan, and a total trading volume of 367 million yuan [2] - By February 12, the stock closed at 24.83 yuan, with a cumulative increase of 24.71% over five days [2] - On February 12, there was a net inflow of 7.76 million yuan from major investors, although the overall proportion of retail investor funds remained high [2] - Technical indicators such as MACD and KDJ suggest a short-term bullish trend, but attention is needed on the 20-day resistance level of 24.63 yuan [2]