Shenzhen Xinyuren Technology (SH:688573)2026-01-30 08:15Financial Performance - The company expects a net profit attributable to shareholders of the parent company for 2025 to be between -480 million and -400 million RMB, indicating an increase in losses compared to the previous year [4]. - The net profit attributable to shareholders after deducting non-recurring gains and losses is projected to be between -490 million and -410 million RMB [4]. - In the same period last year, the net profit attributable to shareholders was -63.26 million RMB, and the net profit after deducting non-recurring gains and losses was -79.27 million RMB [6]. - The company reported a total loss of -73.49 million RMB last year [6]. Factors Affecting Profitability - The decline in profitability is attributed to changes in product and customer structure, as well as intensified market competition and low product prices due to oversupply in the lithium battery industry [8]. - The company has increased provisions for inventory impairment losses due to a comprehensive impairment test on inventory [9]. - The aging of accounts receivable has led to a significant increase in bad debt provisions compared to the same period last year [9]. Future Plans and Cautions - The company plans to improve operational efficiency, optimize costs, and enhance accounts receivable collection efforts to stabilize gross margins and improve profitability [9]. - The financial data provided is preliminary and has not been audited by an accounting firm, with the final figures to be disclosed in the audited annual report [10][11]. - Investors are advised to be cautious regarding investment risks as the forecast is based on the company's internal assessments [11].