禾信仪器(688622) - 2025 Q4 - 年度业绩预告

Financial Performance - The company expects a net profit attributable to shareholders of approximately -89 million yuan for 2025, a decrease of about 43.01 million yuan or 93.52% compared to the previous year[3]. - The projected net profit attributable to shareholders after deducting non-recurring gains and losses is approximately -93 million yuan, a decrease of about 29.90 million yuan or 47.39% year-on-year[3]. - The estimated operating revenue for 2025 is around 97 million yuan, down approximately 105.51 million yuan or 52.10% from the previous year[3]. - The operating revenue, excluding unrelated business income and income without commercial substance, is expected to be about 90 million yuan, which is below 100 million yuan[3]. - The company reported a total profit of -57.79 million yuan for 2024, with a net profit attributable to shareholders of -45.99 million yuan[7]. Business Challenges - The decline in performance is primarily due to the core business's heavy reliance on the environmental online monitoring mass spectrometer market, which is undergoing a deep adjustment period[8]. - The company has implemented quality control measures, strategically selecting and abandoning high credit risk orders, leading to a reduction in orders and revenue[8]. - The decrease in government subsidies recognized in the current period has weakened the contribution to total profit[8]. Risk Factors - The company is undergoing asset impairment testing, which may affect the net profit figures due to potential write-downs[10]. - If the audited net profit after deducting non-recurring gains and losses is negative and operating revenue is below 100 million yuan, the company may face delisting risk warnings[4].