贵广网络：预计2025年净利润亏损10.7亿元~13.5亿元

Core Viewpoint - Guiguan Network (600996) expects a net profit loss attributable to shareholders of the listed company between 1.07 billion to 1.35 billion yuan for the fiscal year 2025, indicating a challenging financial outlook due to intensified market competition and overall industry downturn [1] Group 1: Financial Performance - The company anticipates a significant net profit loss for 2025, ranging from 1.07 billion to 1.35 billion yuan [1] - The financial difficulties are attributed to strict and cautious requirements for project payment guarantees, leading to a substantial reduction in information technology projects, data transmission, and broadcasting installation projects [1] Group 2: Industry Context - The overall industry is experiencing a downward trend that has not fundamentally changed, exacerbated by increased market competition [1] - High fixed costs, including asset depreciation and amortization, along with a large accounts receivable balance, contribute to ongoing credit impairment losses and high financial expenses [1]