至纯科技：公司始终以保障投资者权益为核心

Core Viewpoint - The company, Zhichun Technology, is experiencing operational fluctuations in Q4 2025, leading to an overall annual loss despite cumulative profits in the first three quarters [2] Financial Performance - The revenue scale for Q4 2025 is expected to decline both year-on-year and quarter-on-quarter due to unmet delivery expectations [2] - The company has seen an increase in period expenses year-on-year, with a significant rise in Q4 attributed to ongoing strategic expenditures, particularly in R&D [2] Risk Factors - Credit impairment losses are impacting the financials, with specific provisions being made for legal matters that involve international litigation, which has a lengthy judgment and execution cycle [2] Strategic Initiatives - The management is focused on strategic business concentration, optimizing resource allocation, and enhancing accounts receivable management [2] - The company aims to improve operational quality by increasing orders and deliveries of high-end wet process equipment and expanding its electronic materials business, such as bulk gas stations [2] - The company emphasizes safeguarding investor rights and enhancing sustainable profitability through solidifying technological barriers and refined operations [2]