Core Viewpoint - Beijing Longsoft Technology Co., Ltd. has received a warning letter from the Beijing Securities Regulatory Bureau due to irregularities in revenue and cost accounting, as well as accounts receivable management, which do not comply with relevant accounting standards and disclosure regulations [1][2]. Group 1: Regulatory Actions - The company has been ordered to rectify its accounting practices and has received a warning letter for the main responsible individuals, including the Chairman and General Manager [2][3]. - The company is required to submit a written rectification report within 15 working days of receiving the decision [2]. Group 2: Financial Performance Forecast - For the fiscal year 2025, the company expects to achieve operating revenue between 148 million and 164 million yuan, with a projected net loss attributable to shareholders of 49 million to 60 million yuan [18]. - The anticipated net profit after deducting non-recurring gains and losses is expected to be between 55 million and 68 million yuan [18]. - In comparison, the company reported an operating revenue of 328.6 million yuan and a net profit of 33.03 million yuan for the fiscal year 2024 [19]. Group 3: Market Conditions and Strategic Response - The coal industry is experiencing a cyclical adjustment, leading to a decline in market demand and a slowdown in customer investment decisions, which has resulted in lower-than-expected new orders for the company [20]. - The company is focusing on innovation and maintaining high levels of R&D investment to strengthen its core competitiveness in the intelligent mining sector [21].

Core Viewpoint - Longsoft Technology (688078.SH) expects a significant decline in revenue and net profit for the year 2025, reflecting challenges in the coal industry and increased market competition [1] Financial Projections - The company anticipates annual revenue for 2025 to be between 148 million and 164 million [1] - Expected net profit attributable to the parent company for 2025 is projected to be between -49 million and -60 million [1] - The net profit excluding non-recurring gains and losses is expected to be between -55 million and -68 million [1] Industry Context - The coal industry is entering a cyclical adjustment phase, leading to downward pressure on the overall demand for intelligent coal mine construction [1] - Market demand release is slowing, and customer investment decisions are becoming more rational and cautious [1] Company Performance - The company has not met its new order expectations, resulting in a year-on-year decline in revenue scale [1] - Increased competition in the intermediate intelligent market has led the company to optimize product pricing and sales strategies to maintain market share [1] - The overall gross profit margin has decreased year-on-year due to a decline in average transaction prices [1] Operational Strategies - The company is enhancing its marketing system and strengthening the collection of accounts receivable, leading to an improved accounts receivable structure and a significant reduction in credit impairment losses [1] - Due to a substantial decline in the performance of its subsidiary, Boyier (Hebei) Intelligent Mining Technology Co., and adjustments in the company's R&D strategy, the company plans to recognize impairment provisions for goodwill related to this subsidiary based on accounting prudence [1]