创业黑马(300688) - 2025 Q4 - 年度业绩预告

Financial Performance Expectations - The company expects a net profit loss of between -55 million and -45 million CNY for the fiscal year 2025, representing a year-on-year improvement of 47.89% to 57.36% compared to the previous year's loss of -105.54 million CNY[4] - The net profit after deducting non-recurring gains and losses is projected to be between -61 million and -51 million CNY, showing a year-on-year improvement of 41.50% to 51.09% compared to the previous year's loss of -104.27 million CNY[4] Operational Challenges - The primary reason for the expected loss is the company's transition from traditional enterprise services to AI application promotion, which has led to high operational and labor costs[6] - The company is facing significant pressure on receivables from its intellectual property business, resulting in a higher expected credit loss rate and substantial provisions for credit impairment losses[6] Cost Management and Optimization - The company has implemented cost optimization measures and operational expense controls, which have significantly narrowed the operating profit loss compared to the previous year[7] - The company plans to deepen AI scenario applications and optimize customer tiered services while strengthening dynamic cost control to promote cost reduction and efficiency improvement[7] Strategic Initiatives - The company is actively adjusting its product and customer structure to accelerate the implementation of AI business and enhance the AI transformation process[7] - The company is entering a phase of large-scale channel deployment and ecosystem partner co-construction following the core technology validation of its Tianqi model[6] Financial Disclosure and Investor Advisory - The financial data in this earnings forecast is preliminary and has not been audited, with detailed financial data to be disclosed in the 2025 annual report[8] - Investors are advised to make cautious decisions and be aware of investment risks due to the preliminary nature of the earnings forecast[8]