Zhi Tong Cai Jing·2026-02-27 13:08Core Viewpoint - Yihuatong (02402) reported a significant decline in revenue and an increase in net losses for the fiscal year 2025, indicating challenges in its operational performance and market conditions [1] Financial Performance - Total revenue for the year was approximately 262 million yuan, representing a year-on-year decrease of 28.51% [1] - The net loss attributable to the parent company was around 628 million yuan, which is a year-on-year increase of 37.65% [1] - Basic loss per share was reported at 2.71 yuan [1] Contributing Factors - The increase in losses was primarily due to the company's cautious market strategy in response to cash flow pressures, leading to a decline in fuel cell system sales [1] - The company recognized an increase in credit impairment losses and asset impairment losses based on accounting prudence principles compared to the previous year [1] - Investment losses from joint ventures increased year-on-year, influenced by market conditions and the operational status of associated companies [1]