Jing Ji Guan Cha Wang·2026-02-14 05:23Group 1: Core Insights - The stock price of Kaisheng New Energy (600876.SH) has shown volatility recently, with a closing price of 10.85 yuan on February 13, 2026, reflecting a daily decline of 2.52% and a year-to-date increase of 10.04% [2][3] - The company held its annual work meeting on February 5-6, 2026, focusing on three major strategic battles and aiming for a "224" operational target, emphasizing lean management and digital transformation to enhance competitiveness [3] - According to the 2025 Q3 report, Kaisheng New Energy's revenue for the first three quarters was 2.677 billion yuan, a year-on-year decrease of 27.55%, with a net loss of 596 million yuan, an increase of 141.12% year-on-year [4] Group 2: Financial Performance - The third quarter showed a year-on-year revenue growth of 40.15%, indicating a partial alleviation of operational pressure, although the company is projected to report a full-year net loss of 700 million to 900 million yuan for 2025 [4] - Institutions predict that the company could turn a profit in 2025, with an expected net profit of 98 million yuan, representing a year-on-year increase of 116.07% [4] Group 3: Institutional Perspectives - Institutions have a neutral rating on Kaisheng New Energy, with a target price of 12.58 yuan, suggesting a potential upside of approximately 20.04% from the current stock price [5] - Analysts note that the tight supply-demand situation in the glass fiber cloth market may indirectly benefit the glass fiber sector, but the company's stock performance is more dependent on its operational improvements [5]