浩瀚深度(688292.SH)：2025年度净亏损354.27万元

Core Viewpoint - The company reported a significant decline in financial performance for the fiscal year 2025, with a notable drop in both revenue and net profit compared to the previous year [1] Financial Performance - The company achieved an operating revenue of 384.48 million, a year-on-year decrease of 13.07% [1] - The net profit attributable to shareholders was -3.54 million, reflecting a year-on-year decline of 109.81% [1] - Operating profit decreased by 110.08% compared to the same period last year [1] - Total profit fell by 112.21% year-on-year [1] - The basic earnings per share decreased by 108.70% compared to the previous year [1] Contributing Factors - The gross profit margin was approximately 60%, which, despite an increase from the previous year, was impacted by reduced capital expenditures from operators, leading to a decline in revenue [1] - The company issued convertible bonds in 2025, resulting in an increase in interest expenses by approximately 9 million year-on-year [1] - Research and development expenses increased by about 10.90 million compared to the previous year due to heightened investment [1] - The implementation of an employee stock ownership plan and restricted stock incentives led to a corresponding share-based payment expense of approximately 3 million [1]