Flying Technology(SH:603488)2026-01-23 07:50Financial Performance Forecast - The company expects a net profit attributable to shareholders for 2025 to be between -180 million and -95 million RMB, indicating a loss compared to the previous year [5]. - The projected operating revenue for 2025 is estimated to be between 480 million and 540 million RMB, with the same range applicable after excluding non-core business revenues [5]. - The net profit attributable to shareholders for the same period last year was 99.64 million RMB, while the net profit after excluding non-recurring gains and losses was -16.43 million RMB [7]. Factors Affecting Profitability - The decline in profitability is primarily due to increased competition and demand shrinkage in the elevator door control systems sector, leading to a significant drop in gross profit margins despite an increase in order quantity [10]. - The military simulation systems business has been adversely affected by market conditions, impacting revenue recognition and leading to higher expenses due to investments in new civilian business directions [10]. Impairment and Losses - The company plans to recognize substantial impairment losses on goodwill related to its subsidiary, which will further increase the expected losses for the year [11]. - The company will finalize impairment amounts based on evaluations from appointed assessment and auditing firms, pending board approval [11]. Earnings Forecast and Risks - The earnings forecast is based on preliminary calculations by the finance department and has not yet been audited by a registered accountant [6]. - The company has not identified any significant uncertainties that would materially affect the accuracy of this earnings forecast [12]. - Investors are advised to pay attention to investment risks as the data provided is preliminary and subject to change upon the release of the official annual report [13].