Core Viewpoint - The company, 展科技, is forecasting a net loss of between 95 million to 180 million yuan for the year 2025, indicating a significant decline compared to the previous year [1] Group 1: Elevator Door Control System Business - The elevator and elevator components industry is facing considerable pressure in 2025, leading to a shrinkage in demand and intensified price competition for the company's elevator door system products [1] - Although the number of orders has increased, the gross profit margin from product sales has significantly decreased, resulting in losses for the elevator door control system business [1] - The company plans to recognize asset impairment for certain inventory and fixed assets due to the continuous decline in asset prices, with the final impairment amount to be determined by an external evaluation and audit [1] Group 2: Military Simulation System Business - The subsidiary, Beijing Lingwei Military Technology Co., Ltd., has experienced revenue recognition issues due to market conditions and industry-specific challenges, leading to performance below expectations [2] - The subsidiary is actively exploring new civilian business directions, but these new ventures are still in the introduction phase and have limited profit contribution for the current year, while related investments have increased expenses year-on-year, further impacting profits [1][2] - The company intends to recognize a significant impairment for goodwill related to the subsidiary, which will further increase the overall loss, with the final amount subject to evaluation and board approval [2]

Core Viewpoint - The company expects a negative net profit attributable to shareholders for the fiscal year 2025, indicating a significant decline in operational performance due to adverse market conditions in both its elevator door control systems and military simulation systems businesses [1] Group 1: Elevator Door Control Systems - The real estate market is anticipated to remain sluggish in 2025, leading to reduced demand for elevator and accessory products [1] - Intense price competition is expected to significantly decrease the gross profit margin of elevator door system-related products, adversely affecting the company's profitability [1] Group 2: Military Simulation Systems - The performance of the subsidiary, Beijing Lingwei Military Technology Co., Ltd., is projected to fall short of expectations due to market conditions and the unique characteristics of the industry [1] - This underperformance is likely to result in goodwill impairment for the company [1]

Core Viewpoint - The company expects to report a net loss attributable to shareholders for the fiscal year 2025 due to adverse market conditions affecting its business segments [1] Group 1: Elevator Door Control Systems - The real estate market is expected to remain sluggish in 2025, leading to decreased demand for elevator and accessory products [1] - Intense price competition is anticipated, resulting in a significant decline in the gross profit margin of elevator door system-related products [1] - The decline in sales and profit margins is projected to adversely impact the company's overall profitability [1] Group 2: Military Simulation Systems - The subsidiary Beijing Lingwei Military Technology Co., Ltd. is expected to underperform due to market conditions and industry-specific challenges [1] - The anticipated underperformance may lead to goodwill impairment for the company [1]

Group 1 - The company expects a net profit attributable to shareholders of the parent company for the first half of 2025 to be between -37 million yuan and -28 million yuan, indicating a loss compared to the same period last year [1][2] - The expected net profit after deducting non-recurring gains and losses is projected to be between -43 million yuan and -33 million yuan, representing a significant decrease compared to the previous year [2] - The anticipated loss for the first half of 2025 reflects a decrease of 3,258.58 thousand yuan to 4,158.58 thousand yuan, which corresponds to a year-on-year decline of 710.58% to 906.84% [1][2] Group 2 - The previous year's profit attributable to shareholders was 458.58 thousand yuan, with a total profit of 506.96 thousand yuan [2] - The decline in performance is attributed to the elevator components industry facing dual pressures of shrinking demand and overcapacity, leading to intensified competition and a drop in order volume and gross margin [2] - The military simulation system business contributed less profit due to fewer project acceptances in the first half of the year [2]