IReader Technology(SH:603533) Ge Long Hui A P P·2026-01-23 09:13Core Viewpoint - The company, Zhangyue Technology (603533.SH), is expected to report a net loss of approximately 195.06 million yuan for the fiscal year 2025, indicating a decline compared to the previous year [1] Financial Performance - The projected net profit attributable to shareholders for 2025 is estimated at -195.06 million yuan, which represents a significant loss compared to the prior year [1] - The expected net profit after deducting non-recurring gains and losses is approximately -212.28 million yuan for the same period [1] Strategic Transformation - The company is actively pursuing a strategic transformation, with short video and derivative businesses becoming the largest segment, driven by strong growth momentum [1] - The strategic focus has shifted from being a "digital reading platform in the internet era" to a "multi-modal content production and operation platform in the AI era" [1] - The company is implementing a dual-driven model of "domestic expansion and overseas breakthroughs," which has led to a significant increase in short-term investments [1] Impact on Profitability - The dual-line development model is expected to impose a short-term drag on the company's overall profitability, contributing to the anticipated losses for the fiscal year 2025 [1]