Ge Long Hui A P P·2026-01-29 15:01Core Viewpoint - *ST Tianyu (300205.SZ) is expected to report a loss of between 275 million to 550 million yuan for 2025, with a non-recurring loss of 287 million to 359 million yuan, and operating revenue projected between 160 million to 173 million yuan [1] Financial Performance - The company continues to experience net profit losses attributable to shareholders, primarily due to being on the U.S. SDN sanctions list and facing delisting risk warnings [1] - Significant declines in product sales and revenue have been reported, leading to increased asset impairment losses year-on-year [1] Legal and Operational Challenges - Major litigation has resulted in increased provisions for expected liabilities [1] - The company has recognized asset impairment losses related to its liquidated subsidiary, Shenzhen Changyu Investment Partnership (Limited Partnership) [1]