Core Viewpoint - The company, Joyy Inc. (301198.SZ), expects a net profit attributable to shareholders for 2025 to be between -15 million to -8 million yuan, indicating a year-on-year change of -26.72% to 32.42% [1] Group 1: Financial Performance - The company anticipates a sales gross margin of 12.81% for the reporting period, down from 15.30% in the previous year, reflecting a decrease of 2.49 percentage points [1] - The expected impact of non-recurring gains and losses on net profit is approximately 3.08 million yuan [1] Group 2: Market Position and Challenges - The company has expanded its market share and achieved steady revenue growth during the reporting period [1] - Increased competition in the downstream electric vehicle industry has led to a decline in product prices, negatively affecting the company's gross margin [1] Group 3: Asset Management - The company has made provisions for asset impairment on inventories that show signs of impairment for the 2025 fiscal year, based on prudence considerations and relevant accounting policies [1]
喜悦智行(301198.SZ)：预计2025年净亏损800万元-1500万元