ST英飞拓：报告期内公司持续亏损，预计报告期末归母净资产为负

Core Viewpoint - ST Yingfeitou (002528.SZ) is expected to report a loss of 240 million to 310 million yuan in 2025, with a non-recurring loss of 290 million to 365 million yuan, and operating revenue projected between 420 million to 540 million yuan, indicating significant financial challenges ahead [1] Group 1: Financial Projections - The company anticipates a net asset attributable to shareholders of the parent company to be negative, ranging from -65 million to -130 million yuan by the end of the reporting period [1] - The expected operating revenue for 2025 is between 420 million and 540 million yuan, reflecting a substantial decline compared to previous periods [1] Group 2: Reasons for Performance Changes - The primary reason for the performance decline is the company's decision to scale back its loss-making digital operation services business, which will cease to generate revenue starting in 2025 [1] - The IoT product business heavily relies on overseas market revenue, which has been adversely affected by weak demand, leading to a significant extension in the finished goods inventory turnover period and a notable year-on-year decline in revenue and profit levels [1] - The solutions business has faced challenges due to insufficient operating funds, resulting in a decrease in existing projects, temporary interruptions in some projects, extended delivery cycles, and delayed payments, all contributing to a year-on-year decline in revenue and gross profit levels [1]