本报告期公司销售收入出现下滑，主要受外部客观因素影响。一方面，核工业设备业务受ITER项目及 国内重大科研装置建设进度延后制约，相关采购订单未能按期下达；另一方面，微波器件业务中，部分 总体单位项目推进节点未达预期，致使订单延迟下发。由于上述客观原因导致客户订单量缩减，并叠加 部分产品价格下调的影响，最终导致本期营收规模减少。 格隆汇2月27日丨国光电气(688776.SH)公布2025年年度业绩快报，报告期内，公司实现营业总收入 27,948.57万元，同比下降47.92%。实现归属于母公司所有者的净利润-9,624.10万元，同比下降 304.55%；实现归属于母公司所有者的扣除非经常性损益的净利润-10,262.87万元，同比下降328.58%； 基本每股收益为-0.89元，同比下降306.98%。 ...

北京商报讯（记者 蔺雨葳）2月26日，斯泰兰蒂斯Stellantis集团公布的2025年全年业绩显示，2025年集 团实现净营收1535亿欧元，同比下降2%，主要由于汇率问题所带来的不利因素，以及集团在2025年上 半年产品净价下滑所带来的负面影响综合导致；集团净亏损为223亿欧元，主要由于为满足客户偏好而 进行的深度战略调整等因素所产生的254亿欧元费用。 Stellantis集团预计，2026年净营收将实现中位个位数百分比增长，调整后经营利润率将为低位个位数百 分比，工业自由现金流也将得到同比增长。预计从2026年上半年到下半年，集团的经营状况将逐步得到 改善，且有望在2027年实现工业自由现金流为正。 ...

Stellantis集团首席执行官安东尼奥·菲洛萨表示，2026年集团的重点是将继续弥补由此前运营所带来的执 行偏差，为集团恢复盈利性增长增添更多动力。 2月26日，Stellantis集团公布其2025年全年财务业绩，2025年集团实现净营收1535亿欧元，同比2024年 下降2%，这是由于突出的汇率问题所带来的不利因素，以及集团在2025年上半年产品净价下滑所带来 的负面影响综合导致；集团净亏损为223亿欧元，这主要是由于集团为满足客户偏好而进行深度战略调 整以及监管环境和监管框架变化等因素所产生的254亿欧元费用。 Stellantis集团预计，2026年净营收将实现中位个位数百分比增长，调整后经营利润率将为低位个位数百 分比，工业自由现金流也将得到同比增长。预计从2026年上半年到下半年，集团的经营状况将逐步得到 持续改善，且有望将在2027年实现工业自由现金流为正。 ...

诺德股份公告称，公司股票在2026年2月13日、24日和25日连续三个交易日内日收盘价格涨幅偏离值累 计达20%，属异常波动。经自查，公司生产经营正常，无应披露未披露重大信息。2024年9月及2025年4 月，公司、实控人等因违法违规被立案，目前尚无结论。财务部门初步测算，2025年度公司预计净利润 为 -26,000万元，扣非净利润为 -17,500万元。当前股价PE -62.2倍，提醒投资者注意风险。 ...

Core Viewpoint - The company expects a revenue decline of approximately 38.7% for the six months ending December 31, 2025, compared to the same period in 2024, primarily due to the disposal of assets in its IT business segment and a significant decrease in revenue from its car rental and shuttle bus services [1] Revenue Performance - Revenue is projected to decrease from approximately HKD 56,029,000 in the corresponding period to about HKD 34,343,000 in the current period, a reduction of HKD 21,686,000 [1] - The decline in revenue is attributed to a 30% decrease, or approximately HKD 7,000,000, in income from the car rental and shuttle bus services [1] Financial Losses - The company anticipates a net loss attributable to shareholders of approximately HKD 22,000,000 to HKD 25,000,000 for the current period, which represents an increase of about HKD 3,000,000 to HKD 6,000,000 compared to the loss of approximately HKD 19,238,000 in the corresponding period [1] - The previous period included a fair value loss on financial liabilities of approximately HKD 9,348,000, which is not expected in the current period, helping to mitigate the impact on net losses [1]

Core Viewpoint - ST Creative is forecasting a net loss of 440 million to 540 million yuan for 2025, compared to a net loss of 78.86 million yuan in the previous year [1] Group 1: Financial Performance - The company anticipates a significant increase in net loss for 2025, projecting a loss between 440 million and 540 million yuan [1] - The previous year's net loss was reported at 78.86 million yuan, indicating a substantial deterioration in financial performance [1] Group 2: Operational Challenges - The forecasted loss is attributed to tightened customer budgets and intensified industry competition [1] - In response to these challenges, the company plans to strengthen its cash flow safety measures by reducing participation in projects that require high capital investment [1] Group 3: Revenue and Profitability - The company's operating revenue is expected to decline year-on-year due to the aforementioned strategic adjustments [1] - The gross profit margin is projected to remain at a low level, reflecting ongoing operational difficulties [1]

Core Viewpoint - Longpan Technology (02465) experienced a decline of over 4%, currently trading at HKD 11.59 with a transaction volume of HKD 38.30 million [1] Financial Performance - The company expects a net loss attributable to shareholders of approximately RMB 180 million to RMB 148 million for the fiscal year 2025, representing a significant reduction in losses compared to the previous year [1] - The anticipated net loss excluding non-recurring items for 2025 is projected to be around RMB 39.50 million to RMB 29.19 million [1] Business Impact Factors - The company's lithium iron phosphate cathode material business is affected by fluctuations in raw material lithium carbonate prices, resulting in low gross margins [1] - Additional impacts include inventory write-down losses and asset impairment, along with significant non-recurring gains and losses from financial liabilities such as minority shareholder buyback rights and convertible redeemable preferred shares [1]

Core Viewpoint - The company expects a net profit attributable to shareholders of between -33 million to -26 million yuan for 2025, an improvement from -93.95 million yuan in the same period last year [1] Financial Performance - The anticipated performance change is primarily due to the recognition of investment income from increased equity in Boling Brain Machine and the recognition of non-operating income from the return of executed funds at Jianhua Hospital [1] - There is an increase in income tax expenses due to a reduction in the recognition of deferred tax assets at Kanghua Hospital and Jianhua Hospital, attributed to adjustments in medical insurance policies [1]

Core Viewpoint - The company, Saimo Intelligent (300466.SZ), forecasts a net loss of 32 million to 45 million yuan for the year 2025, showing a significant reduction in losses compared to the previous year's loss of 86.6174 million yuan [1] Financial Performance - The expected net loss for 2025 is between 32 million and 45 million yuan, while the non-recurring net loss is projected to be between 40 million and 53 million yuan, compared to a loss of 95.7879 million yuan in the previous year [1] - The company has achieved a substantial reduction in losses year-on-year, primarily due to improved collection of accounts receivable and a significant decrease in credit impairment losses [1] Operational Efficiency - The company has enhanced operational efficiency, leading to noticeable improvements in the governance of loss-making enterprises and a significant reduction in asset impairment losses compared to the previous year [1] - Cost optimization and expense control measures have been further strengthened, resulting in a marked decrease in period expenses compared to the same period last year [1] Cash Flow - As of the end of the reporting period, the company reported a positive net cash flow from operating activities [1] - Non-recurring gains and losses had an impact of approximately 8 million yuan on net profit, mainly from government subsidies and gains from debt restructuring and equity disposal due to the exclusion of a controlling company [1]

Core Viewpoint - The company Guifaxiang (002820.SZ) anticipates a net profit attributable to shareholders of -26 million to -23 million yuan for 2025, indicating a challenging financial outlook due to various market pressures [1] Group 1: Financial Performance - The expected net profit after deducting non-recurring gains and losses for 2025 is projected to be between -27 million and -24 million yuan [1] - Overall operating revenue is expected to decline due to decreased sales volume and production, leading to increased fixed manufacturing costs and unit costs [1] - The revenue from direct sales and distribution channels is expected to decrease, while e-commerce channel revenue is growing but not sufficient to offset the decline in traditional channels [1] Group 2: Cost and Expense Factors - The sales revenue from gift products is decreasing, contributing to an overall decline in gross profit [1] - Significant increases in operational service fees, promotional expenses, and depreciation costs related to new office buildings and information systems are anticipated [1] - Continuous investment in brand promotion and advertising, as well as expenses related to employee benefits and social security, are expected to rise [1] Group 3: Investment Income - The company has reduced its investment in financial products, leading to a decline in investment income and interest revenue due to lower bank deposit rates [1]