Unionman Technology (SH:688609) Ge Long Hui A P P·2026-01-23 10:28Core Viewpoint - Jiulian Technology (688609.SH) is expected to report a net loss attributable to shareholders of the parent company for the year 2025, with estimates ranging from -227 million to -190 million yuan [1] Financial Performance - The projected net profit attributable to shareholders after deducting non-recurring gains and losses for 2025 is estimated to be between -210 million and -177 million yuan [1] - The company anticipates a loss in operating performance for 2025 due to several factors, including increased competition in the domestic operator bidding market for smart terminal products [1] Cost and Revenue Factors - The rise in procurement prices of key raw materials and supply shortages have contributed to a low overall gross margin [1] - Revenue from delivered and accepted smart city projects has decreased compared to the previous year, alongside an increase in management expenses and share-based payments [1]