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]