GZCBN(SH:600996) Zheng Quan Shi Bao Wang·2026-01-18 09:01Core Viewpoint - Guiguan Network (600996) expects a net loss attributable to shareholders of the listed company between 1.07 billion and 1.35 billion yuan for the fiscal year 2025, indicating a challenging outlook for the company amid intensified market competition and an overall industry downturn [1] Group 1: Financial Performance - The company anticipates a significant net loss for 2025, ranging from 1.07 billion to 1.35 billion yuan [1] - The company faces high fixed costs due to asset depreciation and amortization, alongside substantial accounts receivable balances [1] Group 2: Market Conditions - The overall industry remains in a downward trend, with intensified competition not fundamentally reversed [1] - The company has adopted stricter and more cautious requirements for project payment guarantees, leading to a substantial reduction in information technology projects, data transmission, and broadcasting installation projects [1] Group 3: Financial Challenges - The company continues to experience high credit impairment losses and financial expenses [1]