TC(SH:603421) Zhi Tong Cai Jing·2026-01-19 12:25Core Viewpoint - Dingxin Communication (603421.SH) is expected to report a net loss attributable to shareholders of the parent company ranging from 540 million to 640 million yuan for the fiscal year 2025 due to significant impacts from business restrictions and market conditions [1] Group 1: Financial Performance - The company anticipates a net loss of 540 million to 640 million yuan for the fiscal year 2025 [1] - The decline in revenue is primarily attributed to restrictions on bidding qualifications imposed by State Grid Corporation of China, affecting the company's power bidding business [1] Group 2: Business Operations - The company's bidding qualifications with Southern Power Grid Co., Ltd. are expected to be restored only by early November 2025, leading to substantial impacts on annual bidding operations [1] - The company's fire safety business has also experienced a significant revenue decline due to ongoing adjustments in the real estate sector [1] Group 3: Research and Development - Despite the anticipated losses, the company continues to prioritize research and development investments to support future growth [1]