旗天科技(300061.SZ)：预计2025年净亏损6000万元-9500万元

Core Viewpoint - Qitian Technology (300061.SZ) expects a net profit attributable to shareholders of the listed company to be between -95 million and -60 million yuan for 2025, with a revenue forecast of 343 million to 477 million yuan [1] Group 1: Financial Performance - The company anticipates a net profit excluding non-recurring gains and losses to be between -98 million and -63 million yuan [1] - The expected impact of non-recurring gains and losses on the company's net profit is approximately 3 million yuan [1] Group 2: Market Conditions - The industry is experiencing intense competition, leading to a reduction in overall marketing budgets from bank clients, which has extended the marketing expenditure cycle [1] - The execution progress of certain projects has fallen below expectations due to the aforementioned budget constraints [1] Group 3: Business Operations - The company has shifted its product structure towards digital goods in payment marketing, resulting in a decrease in revenue from the digital lifestyle marketing segment compared to the previous year [1] - The company has terminated the product mail-order installment business in the value-added marketing segment for bank cards, leading to a year-on-year decline in business scale [1] - The company plans to provision approximately 20 million yuan for bad debts related to receivables [1]