GONGJIN(SH:603118) Xin Lang Cai Jing·2026-01-29 19:50Core Viewpoint - Shenzhen Gongjin Electronics Co., Ltd. is expected to achieve a turnaround in net profit for the year 2025, projecting a net profit of between 70 million to 90 million yuan, compared to a loss in the previous year [2][3]. Performance Forecast - The performance forecast period is from January 1, 2025, to December 31, 2025 [2]. - The company anticipates a net profit attributable to shareholders of the parent company between 70 million to 90 million yuan, indicating a significant improvement from the previous year's loss of approximately 79.95 million yuan [3][5]. - The expected net profit after deducting non-recurring gains and losses is projected to be between 45 million to 65 million yuan [2][3]. Previous Year’s Performance - In the previous year, the total profit was -85.39 million yuan, with a net profit attributable to shareholders of the parent company at -79.95 million yuan, and a net profit after deducting non-recurring gains and losses at -142.54 million yuan [5]. - The earnings per share for the previous year were -0.10 yuan [5]. Reasons for Expected Profitability - The increase in overall business revenue and a reduction in period expenses are expected to contribute to the improved profitability [5]. - The company anticipates an increase in overall gross profit compared to the previous year, alongside a decrease in long-term asset impairment losses [5]. - Specific product lines, such as the AP series in the network communication segment and the server output in the data communication segment, are expected to show significant revenue recovery and growth [5]. Non-Recurring Gains and Losses - The company expects a decrease in non-recurring gains and losses, primarily due to reduced government subsidies and investment income in 2025 [7]. Accounting Treatment Impact - The company has changed its accounting estimates regarding the expected credit loss for accounts receivable and notes receivable, which is estimated to impact the 2025 net profit by approximately 22 million yuan [9].