HCR(SH:688500) Ge Long Hui·2026-01-22 08:52Core Viewpoint - The company, Huichen Co., Ltd. (688500.SH), anticipates a reduction in losses for the fiscal year 2025, with projected net losses narrowing compared to the previous year, despite ongoing challenges in the competitive landscape [1][2]. Group 1: Financial Projections - The company estimates a net loss attributable to shareholders of the parent company for 2025 to be between -46 million to -32 million yuan, representing a decrease in losses by 7.4 million to 21.4 million yuan compared to the previous year, with a year-on-year loss reduction of 13.85% to 40.07% [1]. - The projected net loss after deducting non-recurring gains and losses is expected to be between -63 million to -45 million yuan, indicating a reduction in losses by 43.1 million to 61.1 million yuan year-on-year, with a loss narrowing of 40.60% to 57.57% [1]. Group 2: Operational Improvements - The company has been addressing historical issues and implementing organizational optimizations to strengthen business management, which has led to a significant improvement in operating cash flow compared to the previous year [2]. - Efforts to manage accounts receivable and control expenses have contributed to a gradual improvement in operational performance, with substantial reductions in credit impairment and asset impairment losses compared to the previous year [2]. - The company has completed some fundraising research and development projects while gradually initiating new technology R&D projects, resulting in a temporary decrease in R&D expenses compared to the previous year [2].