Core Viewpoint - The company expects a profit decline of approximately 30% for the fiscal year ending December 31, 2025, compared to the fiscal year ending December 31, 2024, primarily due to the ongoing downturn in the Chinese real estate market and sluggish sales [1] Group 1: Financial Performance - The anticipated profit decline is significantly influenced by impairment provisions related to certain regional properties in the modern services sector, reflecting the current market environment [1] - The company has increased its real estate inventory impairment provisions in accordance with accounting standards, indicating a response to market changes [1] Group 2: Business Segments - The performance of the smart systems technology segment is also expected to impact overall results, with a decline in profitability and product gross margins year-on-year due to competitive market conditions [1]

Core Viewpoint - Skyworth Group (00751) anticipates a profit decline of approximately 30% for the fiscal year ending December 31, 2025, compared to the fiscal year ending December 31, 2024, primarily due to the ongoing downturn in the Chinese real estate market and sluggish sales [1] Group 1: Financial Performance - The expected profit decline is significantly influenced by impairment provisions in the construction development segment of the modern services business, reflecting poor performance in certain regional properties [1] - The company has increased its real estate inventory impairment provisions in accordance with accounting standards, which mainly reflects changes in the current market environment [1] Group 2: Market Conditions - The overall performance and product gross margin of the intelligent systems technology segment are also expected to be impacted due to competitive market conditions, leading to a year-on-year decline [1] - The company will continue to closely monitor market dynamics and may make timely adjustments to reflect asset values based on market changes [1]