亚信安全发预亏，预计2025年度归母净亏损3.8亿元至5亿元

Core Viewpoint - AsiaInfo Security (688225.SH) anticipates a net loss attributable to shareholders of the parent company for the fiscal year 2025, projecting a loss between 380 million to 500 million yuan compared to the previous year [1] Group 1: Financial Performance - The company expects a net loss of 380 million to 500 million yuan for 2025, indicating a significant decline compared to the previous year's statutory disclosure data [1] - The increase in interest expenses for 2025 is estimated to be around 30 million yuan compared to 2024 [1] Group 2: Business Operations - The network security business has not experienced significant changes, with the company continuing to focus on high-value customer segments and optimizing product structure [1] - There has been a slight growth in the operator industry solution business during the reporting period [1] Group 3: Impact Factors - The primary reasons for the profit fluctuation include non-cash fair value change losses and increased interest expenses from acquisition loans [1] - The company recognized a fair value change loss of approximately 124 million yuan related to equity assets of associated companies, adhering to financial prudence principles [1]