Focused Photonics forecasts loss in first half 2025

Focused Photonics (Hangzhou) Co., Ltd. (SZSE:300203) anticipates a net loss attributable to shareholders of between CNY 42 million and CNY 54 million for the first half of 2025. This compares to a net profit of CNY 45.56 million in the same period last year. Excluding non-recurring items, the projected loss is between CNY 72 million and CNY 84 million, versus a profit of CNY 12.28 million. The company is focusing resources on high-end analytical instruments and core supporting businesses, with strategic investments in high-value areas like advanced research and "dual carbon" testing, resulting in a business and personnel restructuring. A government subsidy of about CNY 30 million will be received. While revenue and profits are temporarily impacted, the firm maintains solid cash flow, and its core high-end operations are showing strong momentum.