*ST熊猫：2025年营收2.1-2.6亿元，净利润预盈1400-2100万元

Core Viewpoint - The company, Panda Jin控, anticipates a significant turnaround in its financial performance for 2025, projecting revenues between 210-260 million yuan and a net profit attributable to shareholders ranging from 14-21 million yuan, compared to a loss of 474 million yuan in the previous year [1] Financial Projections - Expected annual revenue for 2025 is projected to be between 210 million and 260 million yuan [1] - Total profit is estimated to be between 23 million and 31 million yuan [1] - Net profit attributable to shareholders is forecasted to be between 14 million and 21 million yuan [1] - Deducting non-recurring items, the net profit is expected to be between 11 million and 16.5 million yuan [1] - The net assets attributable to shareholders at year-end are projected to be between 116 million and 124 million yuan [1] Comparison with Previous Year - In the same period last year, the company reported a net loss of 474 million yuan and revenues of 324 million yuan [1] - The anticipated profitability in 2025 is primarily due to the absence of significant impairment losses and continued profitability in the fireworks export business [1] Stock Market Implications - Due to a non-standard opinion issued on the 2024 annual report, the company's stock will be subject to delisting risk warning starting May 6, 2025 [1] - If the 2025 annual report encounters specified conditions, the stock may face termination of listing [1]