万德斯(688178.SH)：2025年净亏损1.14亿元

Group 1 - The core point of the article is that Wande (688178.SH) reported a significant decline in its financial performance for the year 2025, with total operating revenue of 506 million yuan, representing a decrease of 18.64% compared to the same period last year [1] - The company recorded a net profit attributable to the parent company of -114 million yuan [1] - The net profit attributable to the parent company after deducting non-recurring gains and losses was -118 million yuan [1]