碧兴物联2025年度归母净亏损8415.04万元

Core Viewpoint - Bixing Wulian (688671.SH) reported a decline in revenue and an increase in net loss for the fiscal year 2025, primarily due to adverse macroeconomic conditions and intensified market competition [1] Financial Performance - The company achieved an operating revenue of 323 million yuan in 2025, representing a year-on-year decrease of 1.80% [1] - The net loss attributable to the parent company's shareholders was 84.15 million yuan, compared to a loss of 38.55 million yuan in the same period last year [1] Industry Context - The overall demand for industry instruments and equipment has contracted due to the macroeconomic environment and industry cycle [1] - Increased market competition has led to a decline in the profitability of new orders for the company [1] - The overall gross margin has decreased year-on-year, influenced by factors such as project returns [1]