Sinnet(SZ:300383)2026-01-26 07:44Financial Performance - The company expects a net loss of between RMB 73 million and RMB 78 million for the fiscal year 2025, compared to a profit of RMB 38.14 million in the same period last year[3]. - The projected operating revenue for 2025 is between RMB 717 million and RMB 722 million, slightly down from RMB 728.12 million in the previous year[3]. - Non-recurring gains and losses are projected to be around RMB 40 million for the reporting period, influenced by investment income and government subsidies[7]. Asset Impairment - The company anticipates an increase in asset impairment provisions of RMB 89.06 million, including goodwill impairment of RMB 86.47 million, which will significantly impact net profit[6]. Cloud Computing Revenue - The cloud computing revenue is expected to decline due to client business adjustments, with an estimated decrease of approximately RMB 10.60 million[7]. Operational Challenges - The company faces challenges in customer acquisition due to increased competition and a shift towards a concentrated customer base in the data center industry[7]. - The operational costs have surged due to the rapid increase in cabinet deployments, leading to significant pressure on the company's operating costs[7]. Cabinet Deployments - The company has deployed over 82,000 cabinets by the end of 2025, marking the highest number of new cabinet deployments in a single year at over 26,000[7]. Financial Data Integrity - The company has communicated with its auditing firm regarding the financial data, and there are no significant discrepancies noted[4]. - The financial data presented is preliminary and has not been audited, with detailed disclosures to follow in the annual report[8].