西测测试：预计2025年全年净亏损1.16亿元—1.65亿元

Core Viewpoint - The company, Xicetest, anticipates a significant net loss for the year 2025, attributed to strategic investments aimed at long-term competitiveness, which have negatively impacted short-term profits [1] Group 1: Financial Performance - The expected net profit attributable to shareholders for 2025 is projected to be a loss between 116 million and 165 million yuan [1] - The expected net profit excluding non-recurring gains and losses is projected to be a loss between 117 million and 166 million yuan [1] Group 2: Strategic Investments - The company has made strategic investments in capacity and capability building, leading to increased depreciation, personnel costs, and operational expenses [1] - A new marketing center in Beijing has been established to expand into emerging markets, resulting in higher market development expenses [1] - These strategic investments are deemed necessary for building long-term competitive barriers, despite their short-term pressure on profits [1] Group 3: Business Operations - The electronic assembly business has focused on optimizing customer structure, leading to a significant decline in revenue from civilian products [1] - The subsidiary, Jitongli, has obtained NADCAP, ASP, and SPCAP certifications, laying the groundwork for future high-reliability business expansion [1] - Although the electronic assembly business remains unprofitable, the loss has significantly narrowed year-on-year [1] Group 4: Market Challenges - Increased competition in certain areas of the inspection and testing market has posed challenges to pricing and gross margins [1] - The company is responding to competition by enhancing service quality and technical value, as well as strengthening internal management to control overall loss levels [1] Group 5: Accounts Receivable Management - The company has strengthened accounts receivable management, with major clients being reputable military units, ensuring strong payment security [1] - The amount collected during the reporting period has increased year-on-year, but the overall accounts receivable balance remains high [1] - In accordance with accounting standards, the company has made provisions for bad debts, impacting current profits [1]