FFEC(SH:600203) Mei Ri Jing Ji Xin Wen·2026-01-19 09:29Core Viewpoint - The company expects a net profit attributable to shareholders of approximately -50 million yuan for the year 2025, primarily due to impacts on its main business operations [1] Group 1: Financial Performance - The company's operating revenue is projected to increase by approximately 33% compared to last year [1] - The overall gross profit margin is expected to improve by about 1.8 percentage points, with gross profit increasing by approximately 400-500 million yuan [1] Group 2: Business Segments - The smart terminal and LED segments are anticipated to show significant improvement in operational performance compared to the previous year [1] - The company is focusing on high-quality clients and continues to promote refined management, leading to a substantial increase in orders for the smart terminal business [1] Group 3: Asset Management - The company has conducted a review and assessment of various assets, including inventories and receivables, and identified potential impairment signs for some assets [1] - Following the principle of prudence, the company plans to recognize impairment losses for inventories, receivables, and goodwill, estimating a total of approximately 370 million yuan for the year 2025 [1]