WLM(SZ:300591)2026-01-30 09:38Financial Projections - The company expects a net profit in the range of -15,500 to -13,200 thousand yuan for the fiscal year 2025, compared to -17,589.8 thousand yuan in the previous year[4] - The net profit after deducting non-recurring gains and losses is projected to be between -14,900 and -12,600 thousand yuan, compared to -14,029.8 thousand yuan in the same period last year[4] Business Challenges - The primary reason for the expected loss is the continued pressure on the main leather goods business due to intensified industry competition and weak market demand, despite growth in live e-commerce and bulletproof protective equipment segments[6] Impairment and Losses - The company plans to recognize impairment provisions for inventory and accounts receivable totaling approximately 25,000 to 30,000 thousand yuan for the fiscal year 2025[7] - The company anticipates that future profits will not fully cover prior losses, leading to a reduction in net profit by approximately 22,000 thousand yuan due to the reversal of deferred tax assets[7]