TOPWAY(SZ:002238) Ge Long Hui A P P·2026-01-27 14:11Core Viewpoint - Tianwei Vision (002238.SZ) expects a significant loss in 2025, with projected losses ranging from 160 million to 220 million yuan, primarily due to market changes and increased competition in the data center sector [1] Financial Projections - The company forecasts a total operating revenue between 1.15 billion and 1.45 billion yuan for 2025 [1] - Expected net profit attributable to shareholders is projected to be a loss, with non-recurring losses estimated between 184 million and 244 million yuan [1] Reasons for Projected Losses - The decline in rental prices for general data center cabinets in the Guangzhou and Shenzhen areas, despite efforts from the sales team, has led to underperformance in sales from key data centers [1] - Traditional revenue streams, such as cable television and broadband services, have seen a decrease due to changes in consumer habits and market conditions [1] - The company plans to recognize impairment losses on certain assets based on cautious accounting principles, influenced by reduced government subsidies compared to the previous year [1]