ZTGM(SH:603559)2026-01-30 08:40Financial Performance Expectations - The company expects a net profit attributable to shareholders of the parent company for 2025 to be between -130 million and -180 million CNY, indicating a loss compared to the previous year [3]. - The estimated net profit after deducting non-recurring gains and losses for 2025 is projected to be between -125 million and -175 million CNY [4]. - The total profit for the same period last year was -294.83 million CNY, with a net profit attributable to shareholders of -300.84 million CNY [5]. - The company reported a loss per share of -0.75 CNY for the previous year [6]. Reasons for Expected Loss - The main reasons for the expected loss include intense competition in the telecommunications construction industry, prolonged project durations, and a decline in gross margins due to fluctuating downstream demand [6]. - The company has faced pressure on profit margins due to aggressive bidding for projects and cost overruns on certain projects [6]. - The company has a high provision for bad debts due to long aging accounts receivable, contributing to the anticipated losses [6]. Corporate Restructuring and Risks - The company underwent restructuring in 2024, which was confirmed completed by the court on December 30, 2024 [7]. - The company’s stock has been subject to risk warnings due to negative audit opinions on internal controls for the previous fiscal years [7]. - The performance forecast data has not been audited by a registered accountant and is subject to uncertainty [8].