天邑股份：预计2025年全年净亏损9200万元—10900万元

Core Viewpoint - Tianyi Co., Ltd. is expected to report a significant decline in net profit for the year 2025, with estimates ranging from -109 million to -92 million yuan, primarily due to intense competition in the broadband network terminal equipment market and reduced sales volume [1] Group 1: Financial Performance - The projected net profit attributable to shareholders for 2025 is estimated to be between -109 million and -92 million yuan [1] - The expected net profit after deducting non-recurring gains and losses is estimated to be between -118 million and -102 million yuan [1] Group 2: Reasons for Performance Decline - The company faces fierce competition in the operator bidding market for broadband network terminal equipment, leading to a decrease in sales volume and low gross margins, which significantly impacts revenue and net profit [1] - Due to factors such as product sales prices, some inventory shows signs of impairment, prompting the company to conduct preliminary impairment testing on year-end inventory, with an estimated impairment loss of approximately 36 million to 41 million yuan, expected to reduce total profit for 2025 by the same amount [1] - The estimated impact of non-recurring gains and losses on net profit is approximately 13 million yuan [1]