FFEC(SH:600203) 智通财经网·2026-01-19 11:38Core Viewpoint - The company, Furi Electronics (600203.SH), has announced an expected net loss of approximately 50 million yuan for the fiscal year 2025, with a projected net profit of about -73 million yuan after excluding non-recurring gains and losses [1] Financial Performance - The company's smart terminal and LED segments are expected to show significant improvement compared to the previous year, with a focus on high-quality clients and refined management practices [1] - The company's revenue is projected to increase by approximately 33% year-on-year, with an overall gross margin improvement of about 1.8 percentage points, resulting in a gross profit increase of approximately 400-500 million yuan [1] Asset Valuation - The company has conducted a review and assessment of various assets, including inventory and receivables, and identified potential impairment indicators for certain assets [1] - Following a cautious approach, the company plans to recognize impairment losses for inventory, receivables, and goodwill, estimating a total impairment provision of approximately 370 million yuan for the fiscal year 2025 [1]