Zhi Tong Cai Jing·2026-02-02 03:19Group 1 - The core viewpoint of the article indicates that Fudan Zhangjiang (01349) is experiencing a significant decline in stock price, with a drop of 4% during trading and a current price of HKD 3.13, alongside a trading volume of HKD 3.7159 million [1] - The company expects to report an unaudited net loss attributable to shareholders of approximately RMB 120 million to RMB 180 million for the fiscal year ending December 31, 2025, compared to a net profit of RMB 39.73 million in the same period of 2024 [1] - The expected net loss, excluding non-recurring items, is projected to be between RMB 140 million and RMB 200 million, while the net profit for 2024, excluding non-recurring items, was RMB 5.1452 million [1] Group 2 - The company attributes the losses to the advancement of research and development projects, with R&D expenditures rising as a percentage of operating income, amounting to approximately RMB 350 million during the period [1] - Additionally, the retail price of the product "Libao Duo" was reduced starting May 1 of the previous year, leading to a decrease in profit margins, with the product's contribution to the company's profits declining by approximately RMB 100 million year-on-year [1]