ZZTCO., LTD.(SH:603767) 智通财经网·2026-01-19 08:43Core Viewpoint - Zhongma Transmission (603767.SH) is expected to report a net loss of between 8 million to 5.4 million yuan for the fiscal year 2025, indicating a significant decline compared to the previous year [1] Group 1: Financial Performance - The anticipated net loss is primarily attributed to the bankruptcy restructuring of the company's major customer, Chengdu Dayun Automobile Group, which has not made substantial progress, leading to a low probability of recovering accounts receivable [1] - The company has made an additional provision for bad debts amounting to 3.6479 million yuan, with a 100% provision rate for the accounts receivable from Chengdu Dayun [1] - The company has recognized an asset impairment loss of 13.4819 million yuan due to indications of impairment on certain production lines for AT transmission [1] Group 2: Investment Losses - The company holds a 60 million yuan equity stake in Chengdu Eagle Ming Zhitong Technology Co., classified as a financial asset measured at fair value with changes recognized in profit or loss [1] - Due to a decline in the fair value of Eagle Ming's equity as of the balance sheet date, the company has recognized a fair value loss of 29.505 million yuan, which is included in the current period's profit or loss [1]