CYG(SH:600525) Zheng Quan Shi Bao Wang·2026-01-16 12:31Core Viewpoint - ST Changyuan (600525) expects a net loss attributable to shareholders of 1.08 billion to 1.45 billion yuan for the fiscal year 2025, compared to a loss of 978 million yuan in the previous year [1] Group 1: Financial Performance - The company's main business focuses on smart grid equipment and energy internet technology services, with consumer electronics and other intelligent equipment as supplementary areas [1] - The operating revenue for 2025 is expected to remain roughly flat compared to the previous year [1] - The company anticipates asset impairment (including goodwill) and fair value loss to be between 600 million and 850 million yuan [1] - Investment income is projected to decrease by approximately 400 million yuan compared to the previous year [1]