QUNXING(SZ:002575) Ge Long Hui A P P·2026-01-29 15:03Core Viewpoint - The company, Qunxing Toys (002575.SZ), forecasts a net loss for the fiscal year 2025, indicating a decline in profitability despite revenue growth driven by its intelligent computing business and e-commerce sales in alcoholic beverages [1]. Financial Performance - The projected net loss attributable to shareholders ranges from 25 million to 37 million yuan, compared to a loss of 18.40 million yuan in the same period last year [1]. - The net profit after deducting non-recurring gains and losses is expected to be a loss between 27 million and 40 million yuan, compared to a loss of 24.01 million yuan in the previous year [1]. Revenue Growth - The company experienced overall revenue growth during the reporting period, primarily due to the successful implementation of its intelligent computing business, which generated stable income [1]. - The alcoholic beverage sales business has also seen significant growth through e-commerce channels during the reporting period [1]. Cost Factors - The decline in net profit is mainly attributed to high costs incurred from the establishment of the intelligent computing business and the development of a professional team, which were substantial investments [1]. - The costs associated with the intelligent computing business are amortized monthly, but the sales realization occurred later than expected, contributing to the profit decline [1].