禾信仪器：2025年全年净利润同比预减93.52%

Core Viewpoint - The company, Hexin Instruments, is expected to report a net profit loss of approximately 89 million yuan for the year 2025, representing a decline of about 93.52% compared to the previous year [1] Group 1: Reasons for Profit Decline - The core business is highly concentrated in the field of online environmental monitoring mass spectrometers, which is currently undergoing a deep adjustment period influenced by government procurement cycles [1] - The company is experiencing a transitional phase in R&D towards new application areas, with new product revenues not yet compensating for the decline in traditional product lines [1] - The company has strategically chosen to abandon certain high-credit-risk orders with long payment terms, leading to a reduction in orders and revenue for 2025 [1] Group 2: Asset Impairment and Financial Adjustments - The company has made provisions for inventory impairment due to cautious principles, as some long-held inventory has a realizable net value lower than cost [1] - A reduction in government subsidies recognized in the current period compared to the previous year has weakened the contribution to total profit from "other income" [1] - The company has reassessed its deferred tax assets based on updated internal operational plans and external environment predictions, leading to the reversal of certain previously recognized deferred tax assets [1]