天智航：预计2025年净亏损1.65亿元-1.98亿元

Core Viewpoint - Tianzhihang (688277.SH) expects a net loss attributable to shareholders of the parent company for the fiscal year 2025, projected to be between 165 million and 198 million yuan, indicating an increase in losses compared to the same period last year [1] Summary by Relevant Categories Financial Performance - The anticipated net loss for 2025 is between 165 million and 198 million yuan, which represents an expansion of losses compared to the previous year [1] - The main reasons for the performance change include a significant decrease in investment income and an increase in share-based payment expenses due to the implementation of a restricted stock incentive plan [1] Taxation Impact - The increase in income tax expenses is attributed to the reversal of previously recognized losses, which has led to higher deferred tax expenses [1]