债务重组收益助推扭亏为盈，山子高科2025年预盈8.5亿-11亿元

Core Viewpoint - The company, Shan Zi Gao Ke, is expected to turn a profit in 2025, with net profit projected between 85 million and 110 million yuan, a significant improvement from a loss of 173.28 million yuan in the previous year [2] Group 1: Financial Performance - The company anticipates a net profit attributable to shareholders, marking a turnaround from previous losses [2] - The expected net profit excluding non-recurring gains is projected to be a loss between 90 million and 125 million yuan, which is a reduction of 10% to 35% compared to a loss of 139.23 million yuan last year [2] Group 2: Factors Contributing to Performance - The turnaround is attributed to the completion of a restructuring plan, ongoing debt restructuring, and the divestment of non-core loss-making units, which reduced negative impacts on overall profits [2] - The company has increased investment in technology research and development for new vehicle projects, focusing on core business areas, although this segment is still in the investment phase and has not yet achieved profitability [2] - Some business segments reported losses, leading the company to conduct impairment tests on related assets and make corresponding provisions for impairment [2]