*ST新研：预计2025年全年净利润为4000万元—5100万元

Core Viewpoint - *ST Xinyan has released its annual performance forecast, expecting a net profit attributable to shareholders of 40 million to 51 million yuan for the year 2025, while the net profit after deducting non-recurring gains and losses is projected to be between -368 million and -288 million yuan [1] Group 1 - The company has turned a profit during the reporting period, primarily due to the completion of its restructuring plan, which has positively impacted its financial status through recognized restructuring gains classified as non-recurring [1] - Despite the profit turnaround, the company experienced a slight decline in revenue due to tight funding and cyclical market influences, leading to operating losses as fixed costs such as depreciation and operational expenses could not be diluted [1] - At the end of the reporting period, the company conducted preliminary impairment tests on various assets based on a principle of prudence, resulting in the recognition of impairment provisions that affected the current period's performance [1]