Group 1 - The company expects a decline of approximately 30% in annual profit for the year ending December 31, 2025, compared to the year ending December 31, 2024 [1] - The anticipated decline is primarily due to the ongoing downturn in the Chinese real estate market and sluggish sales, which have led to impairment provisions in certain regional properties within the modern services sector [1] - The company has increased its impairment provisions for real estate inventory in accordance with accounting standards, reflecting changes in the current market environment [1] Group 2 - The performance of the intelligent systems technology segment is also expected to impact the company's results, with overall profitability and product gross margins projected to decline year-on-year due to competitive market conditions [1] - The company plans to closely monitor market dynamics and may adjust asset values in response to market changes [1] - The photovoltaic segment is considering a spin-off for listing, which may highlight the intrinsic value of the new energy sector [2]