ZZTCO., LTD.(SH:603767) 智通财经网·2026-01-19 08:56Group 1 - The core viewpoint of the article is that Zhongma Transmission (603767.SH) has announced a projected net loss for the year 2025, estimated to be between -8 million to -5.4 million yuan, indicating a decline compared to the previous year [2] Group 2 - The primary reason for the projected loss is the bankruptcy restructuring of the company's main customer, Chengdu Dayun Automobile Group, which has not made substantial progress, leading to a low probability of recovering accounts receivable. Consequently, the company has made an additional provision for bad debts of 3.6479 million yuan, with a 100% provision rate [3] - The company has also recognized an asset impairment loss of 13.4819 million yuan due to signs of impairment in some dedicated production lines for AT transmissions, influenced by the Chengdu Dayun business [3] - Additionally, 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. 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, impacting the current period's profit or loss [3]