FFEC(SH:600203) Zhi Tong Cai Jing·2026-01-19 11:40Core Viewpoint - The company, Furi Electronics (600203.SH), has announced a projected net loss for the year 2025, estimating a net profit attributable to shareholders of approximately -50 million yuan, and a net profit excluding non-recurring gains and losses of about -73 million yuan [1] Group 1: Financial Performance - The company's smart terminal and LED segments are expected to show significant improvement compared to the previous year [1] - The company is focusing on high-quality major clients and continues to promote refined management, resulting in a substantial increase in orders for the smart terminal business [1] - The company's revenue is projected to grow by approximately 33% compared to last year, with an overall gross margin increase of about 1.8 percentage points, leading to a gross profit increase of approximately 400-500 million yuan [1] Group 2: Asset Impairment - The company has conducted a review and assessment of various assets, including inventory and receivables, and identified potential impairment signs for some assets [1] - Following the principle of prudence, the company plans to make provisions for impairment losses on relevant assets, estimating a total of approximately 370 million yuan for inventory impairment losses, receivables credit impairment losses, and goodwill impairment provisions for the year 2025 [1]