PNC Process Systems (SHA:603690) expects to have swung to a net loss attributable to owners of between 300 million yuan and 450 million yuan in 2025, according to a Shanghai bourse filing on Monday.

The Chinese semiconductor device manufacturer posted an attributable profit of 23.6 million yuan a year earlier.

Operating revenue is expected to fall between 9.9% and 15% year on year to a range of 3.05 billion yuan to 3.25 billion yuan.

The company's shares slumped 10% at the close.