华控赛格：预计2025年全年净亏损9700万元—1.20亿元

Core Viewpoint - Huakong Saige expects a net loss attributable to shareholders of 97 million to 120 million yuan for the year 2025, with a projected net loss excluding non-recurring items of 47 million to 70 million yuan, representing a year-on-year increase of 28.12% to 51.74% in the latter category [1] Group 1 - The decrease in net profit attributable to shareholders is primarily due to a dispute arising from an investment contract with the government of Qitaihe City, Heilongjiang Province, leading to a provision for estimated liabilities of 50 million yuan [1] - In 2024, the company recognized a gain of 116 million yuan from the assessment of a 20.25% equity stake in Tongfang Environment, which contributed to the total profit for that period [1] - The increase in net profit excluding non-recurring items is mainly attributed to business integration efforts, acquisition of quality assets from subsidiary Yunshuzhi, optimization of debt structure, and improved expense management, resulting in a decrease in period expenses [1]