Performance Forecast - The company expects to achieve an operating income of approximately 21 million yuan for the first half of 2025, with a net profit attributable to shareholders ranging from -19 million to -23 million yuan, representing a year-on-year decline of 6.35% to 28.74% [1] - The net profit attributable to shareholders after deducting non-recurring gains and losses is projected to be between -27 million and -31 million yuan, reflecting a year-on-year decrease of 4.78% to 20.30% [1] Previous Year Performance - In the same period last year, the net profit attributable to shareholders was -17.87 million yuan, and the net profit after deducting non-recurring gains and losses was -25.77 million yuan [1] Reasons for Performance Decline - The significant decline in operating income, approximately 59.31% year-on-year, is primarily due to a 65.89% drop in revenue from optical targets and simulation systems, as ongoing system-level projects are still in production and adjustment stages, delaying delivery and acceptance [1] - The decrease in operating income has led to insufficient gross profit to cover various expenses, resulting in a net loss for the period [1] - Despite the revenue drop, the company has improved operational quality, with total sales, management, and R&D expenses decreasing year-on-year, and credit impairment losses reduced by approximately 121.20% [1]

人民财讯7月31日电，新光光电(688011)7月31日晚间披露2025年半年度业绩预告，预计2025年上半年公 司实现营业收入约2100万元，归母净利润亏损1900万元—2300万元，上年同期归母净利润亏损1786.57 万元。报告期营业收入下降的主要原因是公司营业收入中光学（002189）目标与模拟仿真系统收入同比 上年下降约65.89%，主要系公司承接的系统级项目尚处于生产及装调阶段，已交付客户的产品涉及到 大系统的联调、测试，暂未达到验收条件，项目验收周期长，预计将集中于下半年完成交付。由于营业 收入同比减少，毛利水平不足以覆盖公司的各项费用，从而导致本期出现亏损。 ...

Core Viewpoint - The company, New Light Optoelectronics (688011.SH), has announced a projected net loss of 19 million to 23 million yuan for the first half of 2025, primarily due to a significant decline in revenue from optical targets and simulation systems, which dropped approximately 65.89% year-on-year [1] Revenue Performance - The decline in revenue is attributed to ongoing production and adjustment phases of system-level projects, with delivered products still undergoing large system integration and testing, which have not yet met acceptance criteria [1] - The company expects that project acceptance and delivery will be concentrated in the second half of the year [1] Financial Metrics - Due to the decrease in revenue, the gross profit level was insufficient to cover the company's various expenses, leading to the reported loss [1] - Despite the revenue drop, the company improved operational quality, resulting in a year-on-year decrease in total sales, management, and R&D expenses [1] - The company intensified collection efforts, leading to a reduction in credit impairment losses by approximately 121.20% year-on-year [1] - These factors combined resulted in a slight decrease in net profit attributable to shareholders despite a significant drop in revenue [1]

Core Viewpoint - The company expects to report a significant decline in revenue and net profit for the first half of 2025, primarily due to delays in project delivery and acceptance [1] Financial Performance - The projected operating revenue for the first half of 2025 is approximately 21 million yuan, with a net profit attributable to shareholders expected to be between -19 million yuan and -23 million yuan, representing a year-on-year decline of 6.35% to 28.74% [1] - The net profit after deducting non-recurring gains and losses is anticipated to be between -27 million yuan and -31 million yuan, reflecting a year-on-year decrease of 4.78% to 20.30% [1] Revenue Decline Factors - The primary reason for the decline in operating revenue is a significant drop of approximately 65.89% in revenue from optical targets and simulation systems compared to the previous year [1] - The company is currently engaged in system-level projects that are still in the production and adjustment phase, with delivered products requiring extensive system integration and testing, which have not yet met acceptance criteria [1] - The long project acceptance cycle is expected to result in concentrated delivery in the second half of the year [1] Profitability Impact - Due to the decrease in operating revenue, the gross profit level is insufficient to cover the company's various expenses, leading to the anticipated losses for the period [1]