日前，双鹭药业（002038.SZ）发布2025年业绩预告，预计2025年归母净利润为-2.90亿至-2.00亿元，同 比下降291.54%至170.03%；预计扣非净利润为-7000万至-4000万元，同比下降185.02%至148.58%。 业绩亏损的原因，双鹭药业列出两点： 一是受行业政策调整与市场竞争影响，公司部分产品单价下降，导致相关产品销售毛利下降约10%。二 是非经常性损益合计减少净利润约2亿元，其中理财投资损失与交易性金融资产公允价值变动收益是主 要影响因素。 来源：经理人网 编辑：曹諵 校对：知晏 本文仅供信息分享，不构成对任何人的任何投资建议， 如有侵权，请联系删除。 双鹭药业1994年成立，2004年9月在深交所上市，其主营业务广泛覆盖肿瘤、心脑血管、抗感染免疫、 代谢病、创伤修复、肝病、肾病及罕见病等多个治疗领域，一度被视为"药中茅台"。 不过近年来，受到市场竞争加剧、产品集采降价等因素影响，双鹭药业的多款产品收入下滑，主营业务 受挫，其就开始热衷频"炒股"。 财报数据显示，2024年，双鹭药业实现营业收入约6.6亿元，同比下降35.15%；归属于母公司股东的净 利润为-7407万元， ...

Core Viewpoint - The article reveals that a key technical personnel in the aerospace industry engaged in espionage activities after suffering significant stock market losses, ultimately leading to a prison sentence for espionage [1] Group 1: Espionage Activities - The individual, referred to as Chen, was employed by multiple aerospace research institutions and became acquainted with an agent of a foreign espionage organization in 2012 [1] - After initially refusing further requests from the agent, Chen resumed contact in 2018 due to financial losses from stock trading, which prompted him to seek ways to recover his losses [1] Group 2: Financial Motivations - Between 2018 and 2021, Chen provided a substantial amount of internal and classified documents to the foreign agent, resulting in illegal profits totaling 433,500 RMB [1] - The financial desperation stemming from stock trading losses led to Chen's involvement in espionage, highlighting the potential vulnerabilities within the aerospace sector [1] Group 3: Legal Consequences - Chen was ultimately convicted of espionage and sentenced to eleven years in prison, along with the deprivation of political rights for four years and the confiscation of personal assets and all illegal gains [1]

Core Viewpoint - The article discusses the consequences of leveraging investments in the stock market, highlighting the emotional and financial turmoil faced by individuals who experience significant losses, and the ethical dilemma of borrowing money to cover such losses. Group 1: Investment Behavior - Individuals who engage in high-risk trading often do not disclose the full extent of their losses, leading to a cycle of borrowing and deception [2][10] - The tendency to leverage investments can result in a permanent state of negative assets, where individuals continuously borrow to cover previous losses [2][8] - Emotional responses to losses vary, with some individuals unable to accept any loss, while others may have a higher tolerance for risk [2][4] Group 2: Family Dynamics - The pressure to conceal financial losses from family members can lead to further complications and emotional distress [1][11] - It is suggested that transparency with family about financial situations is crucial to avoid escalating issues in the future [11][12] - The article implies that maintaining family relationships should take precedence over financial secrecy, as prolonged deception can lead to greater problems [11][12] Group 3: Market Insights - The current real estate market shows a decline in property values, which may provide a context for understanding investment losses [5][6] - Comparisons are made between stock market losses and real estate investments, suggesting that losses in one area may not be as severe as perceived when considering overall market trends [6][10] - The importance of respecting market dynamics and having a cautious approach to investments is emphasized, particularly for those who have experienced significant losses [8][10]