PNC(SH:603690) Shang Hai Zheng Quan Bao·2026-01-25 19:15Core Viewpoint - Shanghai Zhichun Clean System Technology Co., Ltd. (the "Company") anticipates a significant loss for the fiscal year 2025, with projected net profit attributable to shareholders ranging from -450 million to -300 million yuan, indicating a decline compared to the previous year [2][4]. Performance Forecast - The performance forecast period is from January 1, 2025, to December 31, 2025 [3]. - The Company expects to achieve an operating revenue between 3.05 billion and 3.25 billion yuan, representing a decrease of 355 million to 555 million yuan, or a decline of 9.85% to 15.40% year-on-year [4]. Previous Year’s Performance - In 2024, the Company reported a total profit of -25.917 million yuan and a net profit attributable to shareholders of 23.5975 million yuan [5]. - The net profit attributable to shareholders after excluding non-recurring gains and losses was -57.407 million yuan [5]. Reasons for Performance Decline - The decline in performance is attributed to a decrease in revenue, increased R&D expenses, provisions for credit impairment, and a reduction in non-recurring gains [7]. - Revenue from high-purity process systems and wet equipment businesses decreased due to intensified domestic market competition and lower-than-expected delivery progress [7]. - The Company continues to increase R&D investment to respond to advanced processes and enhance domestic supply chain capabilities [7]. - The Company has made provisions for credit impairment on certain receivables based on prudence, which is detailed in a separate announcement [8]. - Non-recurring gains for 2025 are expected to decrease compared to 2024, primarily due to lower investment income and fair value changes [8]. Credit Impairment Provision - The Company plans to fully provision for credit impairment on certain receivables, which is expected to reduce the net profit attributable to shareholders by approximately 54 million yuan for the fiscal year 2025 [12].