天威视讯：预计2025年全年净亏损1.60亿元—2.20亿元

Core Viewpoint - Tianwei Vision is expected to report a net loss attributable to shareholders of the listed company ranging from 160 million to 220 million yuan for the year 2025, with a net loss excluding non-recurring gains and losses estimated between 184 million and 244 million yuan [1] Group 1: Financial Performance - The company anticipates a total profit loss, net profit attributable to shareholders, and net profit excluding non-recurring gains and losses primarily due to market environment changes and intensified industry competition [1] - The rental prices for general data center cabinets in the Guangzhou-Shenzhen area continue to decline, impacting revenue despite efforts from the company's market team [1] Group 2: Asset Impairment - The company plans to recognize asset impairment for three data centers: Shenshan Weishi Data Center (Phase I), Nanshan, and Longhua, based on the principle of prudence as per the Accounting Standards for Enterprises [1] - The actual amount of asset impairment will be determined by the evaluation report from the assessment agency and the audit data from the accounting firm [1] Group 3: Revenue Decline - Traditional cable television and broadband business revenues have decreased due to changes in user consumption habits and market conditions [1] - The company has also made provisions for impairment of contract assets, along with a reduction in government subsidies related to revenue compared to the same period last year [1]