恒信东方：预计2025年净利润亏损3.65亿元-4.75亿元

Core Viewpoint - The company expects a net loss of 365 million to 475 million yuan for the fiscal year 2025, compared to a loss of 346 million yuan in the same period last year [1] Group 1: Financial Performance - The company has implemented cost reduction and efficiency improvement measures, resulting in a year-on-year decrease in period expenses [1] - Despite these efforts, overall performance has declined year-on-year due to multiple factors [1] Group 2: Business Segments - The computing power system integration and technical services business is still in the cultivation phase, with revenue not meeting expectations, leading to negative gross profit and impacting overall operating profit [1] - Revenue from internet video application products and services has continued to grow, but gross margin has decreased [1] - There are indications of goodwill impairment in the related assets of this business segment, which is expected to negatively affect current profits and losses [1] Group 3: Financial Costs - Financial expenses have significantly increased year-on-year due to the accounting treatment of unrecognized financing costs [1] - Market fluctuations have led to a decline in the fair value of financial assets, further reducing current net profit [1]