TC(SH:603421)2026-01-19 09:00Financial Performance Expectations - The company expects a net profit attributable to shareholders of the parent company for 2025 to be between -540 million and -640 million yuan[3]. - The expected net profit attributable to shareholders after deducting non-recurring gains and losses is also projected to be between -540 million and -640 million yuan[5]. - The previous year's net profit attributable to shareholders was -242.39 million yuan[7]. - The previous year's net profit after deducting non-recurring gains and losses was -244.25 million yuan[8]. - The earnings per share for the previous year was -0.37 yuan[9]. Reasons for Expected Loss - The primary reason for the expected loss is the company's bidding business being restricted due to being on the blacklist of the State Grid Corporation, significantly impacting revenue[10]. - The fire protection business has also been adversely affected by the ongoing adjustments in the real estate industry, leading to a significant decline in revenue[10]. Commitment to Future Development - The company continues to maintain a strong focus on R&D investment despite the expected losses, indicating a commitment to future development[10]. Financial Data Caution - The financial data in the earnings forecast has not been audited by a registered accountant, and investors are advised to be cautious[11]. - The forecast data is preliminary and the final audited financial data will be disclosed in the official 2025 annual report[12].