PNC(SH:603690) Zhong Guo Zheng Quan Bao - Zhong Zheng Wang·2026-01-25 23:20Core Viewpoint - The company, Shanghai ZhiChun Clean System Technology Co., Ltd., anticipates a significant loss for the fiscal year 2025, with projected net profit ranging from -450 million to -300 million yuan, primarily due to declining revenue, increased R&D expenses, and reduced non-recurring gains [2][4]. Group 1: 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 decline of 355 million to 555 million yuan, or a year-on-year decrease of 9.85% to 15.40% [4]. - The projected net profit attributable to the parent company is expected to be between -450 million and -300 million yuan, indicating a loss compared to the previous year [4]. Group 2: Previous Year’s Performance - In the previous year (2024), the total profit was -25.917 million yuan, with a net profit attributable to the parent company of 23.5975 million yuan, and a net profit excluding non-recurring gains of -57.407 million yuan [5]. Group 3: Reasons for Performance Decline - The decline in performance is attributed to a decrease in revenue from high-purity process systems and wet equipment businesses, influenced by intensified domestic market competition and lower-than-expected delivery progress [7]. - The company has continued to increase R&D investments to respond to advanced processes and enhance the development of high-end wet equipment and domestic supply chain construction [7]. - The company has made provisions for credit impairment on certain receivables based on prudence, which is detailed in a separate announcement [8].