恒信东方：预计2025年度净利润亏损3.65亿元~4.75亿元

Group 1 - The company expects a net profit loss attributable to shareholders of approximately 365 million to 475 million yuan for 2025, compared to a loss of about 346 million yuan in the same period last year [1] - The primary reason for the performance change is that the computing power system integration and technical services business is still in the cultivation period, with revenue not meeting expectations, leading to negative gross profit and reduced overall operating profit [1] - Although revenue from internet video application products and services continues to grow, the gross margin has declined, and there are indications of goodwill impairment in related assets, which is expected to negatively impact current profits [1] Group 2 - Financial expenses have significantly increased year-on-year due to accounting treatment of unrecognized financing costs, compounded by market fluctuations leading to a decline in the fair value of financial assets, further lowering the current net profit [1]