Core Viewpoint - Kosen Technology forecasts a net loss attributable to shareholders of the parent company for 2025, ranging from -330 million to -245 million yuan, indicating a reduction in loss compared to the previous year [2] Financial Performance Summary - The net profit attributable to shareholders for 2024 was -470 million yuan, with a net profit excluding non-recurring gains and losses of -421 million yuan, and earnings per share of -0.86 yuan [2] - The projected loss for 2025 shows an improvement compared to the 2024 figures, with a narrower loss range [2] Reasons for Performance Changes - Fluctuations in market demand led to lower-than-expected orders, resulting in a low capacity utilization rate [2] - Strategic adjustments to optimize low-margin projects caused inventory write-offs and asset impairment losses [2] - High R&D expenses aimed at enhancing product competitiveness impacted the current net profit [2] Non-Recurring Gains and Losses - Non-recurring gains primarily consist of government subsidies and income from the recovery of assets such as land and buildings from a wholly-owned subsidiary [2]