JXFH(SZ:300213) Ge Long Hui A P P·2026-01-30 13:29Core Viewpoint - The company, Jiaxun Feihong, expects a significant decline in net profit for 2025, projecting a loss between 190 million to 145 million yuan, compared to a profit of 74.15 million yuan in the same period last year [1] Financial Performance - The anticipated net profit attributable to shareholders is projected to be between -190 million to -145 million yuan, with a non-recurring profit and loss adjusted net profit expected to be between -195 million to -150 million yuan [1] - The company experienced a phase of performance decline due to several factors, including the execution progress of major projects not meeting expectations, front-loaded R&D investments, and structural upgrades in subsidiary businesses [1] Impairment and Valuation - The company plans to recognize an impairment provision for goodwill of approximately 112 million yuan, which will lead to short-term losses [1] - The impairment is primarily related to the subsidiary Shenzhen Hangtong Intelligent Technology Co., Ltd., which is facing changes in its business model due to intensified market competition and structural transformation challenges [1] - The company conducted an assessment of the recoverable value of related assets based on the principle of prudence, in accordance with accounting standards and regulatory guidelines [1]