Core Viewpoint - Beijing Wantong New Development Group Co., Ltd. expects a significant net loss for the fiscal year 2025, with projected losses ranging from 750 million to 500 million yuan [2][4]. Group 1: Performance Forecast - The company anticipates a net profit attributable to shareholders of -750 million to -500 million yuan for the year 2025, indicating an increase in losses compared to the previous year [2][4]. - The expected net profit, excluding non-recurring gains and losses, is projected to be between -850 million and -600 million yuan [2][4]. - The performance forecast covers the period from January 1, 2025, to December 31, 2025 [3]. Group 2: Previous Year Performance - In the previous year, the total profit was -447.75 million yuan, with a net profit attributable to shareholders of -457.04 million yuan [6]. - The net profit, excluding non-recurring gains and losses, was -498.49 million yuan [6]. - The earnings per share for the previous year were -0.2442 yuan [7]. Group 3: Reasons for Performance Decline - The company is undergoing a strategic transformation, entering the advanced digital chip industry, which has led to increased inventory impairment losses due to the reduction of traditional real estate operations [7]. - The rental business revenue has declined due to macroeconomic conditions and industry policies, contributing to the larger operational losses [7]. - The company has also faced challenges with joint ventures in the real estate sector, leading to expected impairment provisions for equity investments [7].