海伦钢琴：2025年全年预计净亏损7,000.00万元—9,000.00万元

Core Viewpoint - The company, Helen Piano, is forecasting a significant net loss for the year 2025, attributed to declining sales in the traditional piano market and ongoing market challenges [1] Group 1: Financial Performance - The company expects a net profit loss attributable to shareholders of between 70 million to 90 million yuan for 2025 [1] - The expected net profit loss, excluding non-recurring items, is projected to be between 79 million to 99 million yuan [1] - The company anticipates that non-recurring gains and losses will impact net profit by approximately 9 million yuan, primarily from the sale of land in Xiangshan [1] Group 2: Market Conditions - The traditional piano market in China is experiencing a downturn, with the company's traditional piano sales declining by about 30% compared to the previous year [1] - The overall domestic consumption market is sluggish, and the arts training industry has also faced significant challenges [1] Group 3: Strategic Initiatives - In response to the shrinking traditional piano market, the company has been actively pursuing a transformation towards smart, entertaining, and market-oriented musical instruments since 2023 [1] - The company has completed the research, production, and sales of its Helen Smart Piano series and portable pianos, with smart musical instrument products like electric wind instruments and folding pianos also in development [1] - The company incurred approximately 16 million yuan in research and marketing expenses for its smart musical instrument products, which saw a sales increase of about 280% compared to the previous year [1] Group 4: Impairment Testing - The company has conducted impairment testing on its inventory and investments in arts training institutions, resulting in an estimated impairment provision of about 23 million yuan [1]