Genew(SH:688418) Ge Long Hui A P P·2026-02-27 12:10Core Insights - The company reported a total operating revenue of 876.18 million yuan for the fiscal year 2025, representing a year-on-year decline of 7.93% [1] - The net profit attributable to the parent company was -62.54 million yuan, a significant decrease of 327.94% compared to the previous year [1] - The net profit attributable to the parent company after deducting non-recurring gains and losses was -77.65 million yuan, reflecting a staggering decline of 996.98% year-on-year [1] Business Performance - The core network system business experienced growth, driven by positive developments in emerging fields such as satellite internet and 5G, leading to a steady increase in related product orders [1] - Traditional communication business faced significant pressure, with overall revenue and gross margin declining due to intensified competition in the domestic and international operator bidding markets [1] - The coal industry's supply-demand dynamics negatively impacted the company's traditional communication business expansion, particularly in the optical network and access system segments, which saw a substantial decline in sales [1]