Core Viewpoint - The company, Zhejiang Shengyang Technology Co., Ltd., anticipates a revenue increase for 2025 but expects to incur a net loss, indicating a challenging financial outlook despite growth in sales [2][4][8]. Group 1: Performance Forecast - The company projects an annual revenue of between 908 million and 1 billion yuan for 2025, representing a year-on-year growth of approximately 10.07% to 21.22% [2][4]. - The expected net loss attributable to the parent company for 2025 is estimated to be between 20 million and 13.5 million yuan [2][4]. - The projected net loss after excluding non-recurring gains and losses is estimated to be between 22 million and 15 million yuan [2][5]. Group 2: Previous Year Performance - In the previous year, the company reported a total profit of -40.13 million yuan, with a net loss attributable to the parent company of -37.01 million yuan [6]. - The net loss after excluding non-recurring gains and losses was -42.48 million yuan [6]. Group 3: Reasons for Current Loss Forecast - The company has focused on optimizing product structure and enhancing order acquisition capabilities, leading to revenue growth [8]. - Factors impacting profitability include employee incentive costs of approximately 27.3 million yuan due to the 2024 employee stock ownership plan and a foreign exchange loss of about 11.94 million yuan from the depreciation of the US dollar [8]. - Increased R&D investments and expansion of production lines, along with the growth of sales and management expenses, have further pressured current profits [8]. Group 4: Future Outlook - For 2026, the company aims to advance its dual-driven strategy of "wired/wireless communication + satellite communication," focusing on high-growth markets [9]. - The company plans to enhance production capacity for automotive high-speed cables and expand into emerging fields such as robotics and medical devices [9]. - The satellite communication business is expected to accelerate commercialization and expand international market presence, which may lead to sustainable value creation for shareholders [9].