Suzhou Novosense Microelectronics (02676) expects the net loss attributable to shareholders to narrow by 2.5 billion to 2.0 billion in 2025 compared to the previous year.

Suzhou Novosense Microelectronics (02676) announced that, according to preliminary calculations by the finance department, the company is expected to achieve operating income of 3.3 billion to 3.4 billion yuan in 2025, an increase of 1.34 billion to 1.44 billion yuan compared to the same period last year, representing a year-on-year growth of 68.34% to 73.45%. It is expected to achieve a net loss attributable to the owners of the parent company of -250 million to -200 million yuan in 2025, which represents a narrowing of the loss by 153 million to 203 million yuan compared to the same period last year. It is expected to achieve a net loss attributable to the owners of the parent company after deducting non-recurring gains and losses of -290 million to -240 million yuan in 2025, representing a narrowing of the loss by 167 million to 217 million yuan compared to the same period last year. The main reasons for the change in performance this period are as follows: (1) Impact of the main business. According to preliminary calculations by the finance department, it is expected that the operating income will increase by 68.34% to 73.45% year-on-year in 2025, mainly due to the following two factors: (1) steady growth in demand in the downstream automotive electronics field, with the company's automotive electronics products continuing to increase production; overall recovery in the pan-energy sector, with most customers in the photovoltaic and energy storage sectors returning to normal demand, and rapid growth in demand from server power customers driven by AI; (2) the consolidation of Magneon has enriched the company's product matrix, and its business contribution has positively impacted the revenue growth for this period. It is expected that the net profit attributable to the owners of the parent company will narrow compared to the same period last year. This is mainly due to the strong growth in operating income, resulting in a decrease in losses for the company. (2) Impact of period costs. The company's accumulation of resources in research and development investment, market development, supply chain system construction, product quality management, and talent development has resulted in an increase in sales expenses, management expenses, and research and development expenses compared to the same period last year. (3) Impact of share-based payment expenses. The company expenses approximately 86.97 million yuan for share-based payments in this period, an increase of about 22.67% compared to the same period last year.