Core Viewpoint - The company, Garden Co. (605303.SH), anticipates a significant net loss for the year 2025, with projected losses ranging from 135 million to 230 million yuan, and a net profit excluding non-recurring losses expected to be between 155 million and 260 million yuan [1] Financial Projections - The company expects a net profit attributable to shareholders of the parent company for 2025 to be between -135 million and -230 million yuan [1] - The projected net profit excluding non-recurring losses for the same period is estimated to be between -155 million and -260 million yuan [1] Business Strategy - In response to changes in the traditional municipal landscaping construction industry, the company plans to focus on stable operations and long-term development by actively incubating new businesses with good growth prospects [1] - The company intends to reduce its engagement in traditional construction projects while cautiously advancing project construction based on the stability of payment capabilities [1] Reasons for Expected Loss - The anticipated loss is primarily due to delays in project work handover by clients and the failure to secure expected project funding, leading to a halt in construction on certain signed historical orders [1] - The company has made provisions for impairment losses on receivables and contract assets in accordance with relevant accounting standards [1]

Core Viewpoint - The company, Garden Co. (605303.SH), anticipates a significant net loss for the year 2025, with projected losses ranging from 135 million to 230 million yuan for net profit attributable to shareholders, and from 155 million to 260 million yuan for net profit after deducting non-recurring gains and losses [1] Financial Projections - The company expects a net profit attributable to shareholders for 2025 to be between -135 million yuan and -230 million yuan [1] - The projected net profit after deducting non-recurring gains and losses is estimated to be between -155 million yuan and -260 million yuan [1] Business Strategy - In response to changes in the traditional municipal landscaping construction industry, the company plans to focus on stable operations and long-term development by actively incubating and developing new businesses with good growth prospects [1] - The company intends to reduce its engagement in traditional construction projects while cautiously advancing project construction, ensuring that projects have stable payment capabilities before proceeding [1] Reasons for Expected Loss - The primary reasons for the anticipated losses include: 1. Delays in project execution due to the client's failure to hand over the project site and the expected funding not being realized, leading to lower than expected annual revenue [1] 2. The company has made provisions for impairment losses on receivables and contract assets in accordance with relevant accounting standards [1]