天音控股(000829.SZ)：预计2025年净亏损1900万元-2700万元

Core Viewpoint - Tianyin Holdings (000829.SZ) forecasts a revenue of 86 billion to 92 billion yuan for the fiscal year 2025, representing a year-on-year growth of 2.33% to 9.47%. However, the company expects a net loss attributable to shareholders of 27 million to 19 million yuan, compared to a profit of 31.18 million yuan in the same period last year. The adjusted net loss, excluding non-recurring items, is projected to be between 71 million and 50 million yuan, an improvement from a loss of 101.18 million yuan in the previous year [1]. Revenue Summary - The anticipated revenue growth is primarily driven by the retail e-commerce segment, which has expanded through the introduction of new brands and categories, multi-channel platform development, and continuous market expansion efforts [1]. Profit Summary - The reduction in adjusted net loss is attributed to a slight profit increase in the retail e-commerce business during 2025, indicating some operational improvements despite the overall loss [1].