Ledman(SZ:300162)2026-01-29 09:22Financial Performance - The company expects a net loss of between 33 million and 45 million yuan for 2025, representing a year-on-year reduction in loss of 4.688 million to 5.888 million yuan[3]. - Revenue is projected to be between 1.05 billion and 1.08 billion yuan, down approximately 15% from 1.25 billion yuan in the previous year[4][6]. - The net profit attributable to shareholders is expected to improve by 51% to 65% compared to a loss of 91.88 million yuan last year[4]. Market Expansion - The company has established a new subsidiary in Japan and is expanding its presence in Europe and the Middle East, with some markets seeing revenue growth exceeding 30%[7]. - New product launches, including the "HD King·Cold Screen Master" series and the third-generation "Home Giant Wall," are expected to support future revenue growth[7]. - The company is focusing on technology innovation, talent development, and deepening relationships with major clients to enhance product competitiveness and market penetration[7]. Challenges and Risks - Increased inventory impairment provisions were made due to intensified industry competition and price adjustments, reflecting a prudent approach to inventory valuation[7]. - The company faced foreign exchange losses due to currency fluctuations, which impacted financial expenses and overall profit[7]. - The overall revenue decline was primarily influenced by changes in U.S. tariff policies and intensified domestic competition, leading to a 23% decrease in revenue from U.S. operations[6]. Financial Reporting - The financial data presented is preliminary and subject to final confirmation in the 2025 annual report[8].