牧高笛：预计2025年净利润为-2200万元到-3300万元

Group 1 - The company, Mukao Di, forecasts a net loss attributable to shareholders of the parent company between -22 million to -33 million yuan for the year 2025, indicating a decline in performance [1] - The primary reason for the performance change is regular gains and losses, with sales falling short of expectations due to market conditions, leading to a decrease in operating revenue compared to the same period last year [1] - The sales structure has shifted, with a reduced proportion of sales to enterprise clients, while the company is actively expanding into the end-consumer market and cross-border business, resulting in increased sales expenses [1] Group 2 - To accelerate new product iterations and improve asset turnover, the company has adjusted its inventory reduction strategy, leading to an increase in the provision for inventory impairment [1] - Non-recurring gains and losses include a decrease in government subsidies recognized in the current period compared to the same period last year [1] - The company has prematurely terminated its 2023 employee stock ownership plan and 2024 stock option incentive plan, resulting in accelerated recognition of related share-based payment expenses impacting current performance [1]