Core Viewpoint - Tianjian Technology (002977.SZ) is expected to report a net loss attributable to shareholders of between 5.96 million yuan and 11.82 million yuan for the first half of 2025, a significant decline from a profit of 11.17 million yuan in the same period last year [1][2]. Financial Performance Summary - The net profit attributable to shareholders is projected to decline by 153.30% to 205.81% compared to the same period last year [2]. - The net profit after deducting non-recurring gains and losses is expected to be a loss of between 6.14 million yuan and 12.18 million yuan, down by 155.13% to 209.44% year-on-year [2]. - Basic earnings per share are anticipated to be a loss of between 0.0496 yuan and 0.0984 yuan, compared to a profit of 0.0930 yuan per share in the previous year [2]. Operational Challenges - The expected loss is primarily due to longer customer payment processes, leading to extended aging of accounts receivable, which resulted in the company making provisions for credit impairment losses based on accounting policies [2]. - The company's order fulfillment has been affected by related procurement plans, causing delays in project deliveries and resulting in lower-than-expected revenue recognition [2].