高测股份：2025年净亏损4016.48万元，将积极推进人形机器人业务

Core Viewpoint - The company reported a significant decline in revenue and continued losses in 2025, attributed to a challenging market environment in the photovoltaic industry, despite some growth in installed capacity [1] Financial Performance - The company achieved an operating revenue of 3.65 billion yuan, a year-on-year decrease of 18.43% [1] - The net profit attributable to shareholders was a loss of 40.16 million yuan, compared to a loss of 44.23 million yuan in the same period last year [1] Industry Context - The photovoltaic industry is experiencing a phase of supply surplus, leading to low operating rates and a challenging market environment for companies [1] - Product prices in the photovoltaic supply chain remained low during the reporting period [1] Operational Highlights - The company saw a year-on-year increase in the shipment scale of diamond wire, with advancements in tungsten wire technology leading to cost reductions [1] - The company’s silicon wafer and cutting processing services also experienced a year-on-year increase in shipment scale, with high operating rates in the second half of the year contributing to cost reductions [1] Future Outlook - The company plans to increase R&D investment and enhance the shipment scale of diamond wire and silicon wafer processing services [1] - There is a focus on accelerating the upgrade of innovative business products and actively promoting humanoid robotics to improve profitability [1]