HUAXING CHUANGYE(SZ:300025)2026-01-29 08:25Financial Performance - The company expects a net loss of 12,000 million yuan for the fiscal year 2025, compared to a loss of 16,500 million yuan in the previous year[4]. - Operating revenue is projected to be 55,000 million yuan, down from 62,000 million yuan in the previous year[4]. - The projected net loss after deducting non-recurring gains and losses is expected to be 11,800 million yuan, compared to a loss of 16,000 million yuan last year[4]. Revenue Decline Factors - The decline in revenue is attributed to the peak of 5G construction passing, leading to reduced operating income and gross profit[6]. - Increased investments in virtual reality business development and operations have resulted in substantial losses, as revenue has not yet scaled[7]. Impairment and Losses - The company has recognized impairment signs for its three licensed works related to the "Three-Body" series, leading to a significant impairment provision[7]. - The company anticipates a significant impact on net profit due to non-recurring losses estimated between 2 million to 5 million yuan[7]. Communication and Investor Guidance - The company has communicated with its accounting firm regarding the preliminary financial data, with no significant discrepancies noted[5]. - The specific financial data will be detailed in the 2025 annual report, urging investors to make cautious decisions[8]. - The company emphasizes the importance of understanding investment risks associated with the projected losses[8].