南财智讯1月30日电，南都电源发布2025年年度业绩预告，预计2025年全年归属于上市公司股东的净利 润为亏损8.90亿元—12.50亿元；预计2025年全年归属于上市公司股东的扣除非经常性损益的净利润为亏 损9.30亿元—12.90亿元。业绩变动原因说明：报告期内公司出现经营亏损，主要系回收板块业务亏损加 大，阶段性资金压力影响，公司产品交付进度未达预期，叠加资产减值及坏账计提增加等因素导致。尽 管面临盈利压力，公司持续经营活动现金流净流量10亿左右，彰显主营业务稳定的现金获取能力，为保 障持续运营提供支撑。第四季度是影响本期整体业绩的多项不利因素集中显现，导致单季度出现较大亏 损，具体表现为：1、受阶段性资金压力影响，公司产品交付进度未达预期，相关业务利润贡献不足， 直接影响单季度盈利表现；2、回收板块铅回收受市场供需关系及相关政策变化影响亏损进一步加大； 锂回收业务板块竞争激烈，加之原材料价格波动叠加订单签约与交付的时间错配，导致当期亏损，加剧 单季度业绩压力；3、民用锂电产线投产爬坡期生产的批次产品在四季度更换，加大本期亏损；4、应收 账款余额增加及账龄结构变化，整体坏账损失计提增加，对单季度业绩造成 ...

Core Viewpoint - Nandu Power has established a nationwide sales channel for its consumer lithium batteries and formed partnerships with several well-known brands in the electric vehicle and low-speed vehicle sectors, which is expected to drive new revenue growth for the company [1] Group 1 - The company has covered the entire country with its consumer lithium battery sales channels [1] - Partnerships have been formed with multiple well-known brands in the electric vehicle, leisure tricycle, canopy vehicle, and low-speed four-wheeled vehicle sectors [1] - These collaborations are anticipated to become a new growth point for the company's performance [1]