Xinguang Optic-Electronics issued a profit warning, expecting a net loss attributable to the parent company of RMB 19 million to 23 million in the first half of the year

Xinguang Optic-Electronics expects a net loss attributable to the parent company of RMB 19 million to 23 million in the first half of 2025, mainly due to a year-on-year decline of approximately 65.89% in revenue from optical targets and simulation systems. The system-level projects undertaken by the company are still in the production stage and have not met acceptance conditions, with concentrated delivery expected in the second half of the year. Despite the decrease in operating revenue, the gross profit level is insufficient to cover expenses, but sales, management, and R&D expenses have decreased year-on-year, and credit impairment losses have decreased by 121.20%