新迅达，三年连亏！

Core Viewpoint - The company, Xin Xun Da, is expected to report a net loss for the year 2025, with projected losses ranging from 89 million to 126 million yuan, primarily due to asset impairment provisions [1][2] Group 1: Financial Performance - The company anticipates a net profit loss for 2025, mainly attributed to the provision for asset impairment [1] - The projected impairment for long-term equity investments is estimated between 10 million and 15 million yuan [1] - The company reported losses of 316 million yuan in 2024 and 255 million yuan in 2023, indicating a trend of consecutive losses for three years [2] Group 2: Impairment Details - The impairment for construction in progress is expected to be between 7 million and 10 million yuan, while the impairment for intangible assets is projected to be between 25 million and 35 million yuan [2] - The construction progress of the mining area has not made substantial advancements compared to previous disclosures, leading to anticipated impairment provisions [2] - The expected production period for the Cai Jia lithium mine is projected to be shortened by approximately 1.5 years, resulting in decreased total revenue and increased construction costs, necessitating impairment provisions [2] Group 3: Business Background - Xin Xun Da was listed on the Growth Enterprise Market in June 2016, initially focusing on the gaming industry [2] - In September 2020, the company transferred 49% of its subsidiary, Sheng Xun Yun Shang, to Xin Xuan Holdings, marking its entry into the live e-commerce sector [2] Group 4: Profit Margin Trends - The company's gross profit margin has significantly declined, with figures of 90.57%, 81.09%, 48.22%, and 11.99% from 2021 to 2024 respectively [2]