Group 1 - The company expects a net profit attributable to shareholders for the year 2025 to be between -190 million and -150 million yuan [1] - The net profit after deducting non-recurring gains and losses is projected to be between -195 million and -160 million yuan [1] - The performance fluctuation is primarily due to the continuous decline in market sales prices in the BOPET film industry, insufficient operating rates of the thick film production line, high product costs, and an anticipated fixed asset impairment provision of approximately 120 million yuan [1]

Group 1 - The company, Heshun Technology, forecasts a net profit attributable to shareholders for 2025 to be between -150 million and -190 million yuan [1] - The expected net profit after deducting non-recurring gains and losses is projected to be between -160 million and -195 million yuan [1] - The BOPET film industry, in which the company operates, is facing challenges such as market supply-demand imbalances and intense competition, leading to a continuous decline in market sales prices [1] Group 2 - Despite an increase in operating revenue, the company's product structure is still undergoing adjustments, and the gross margin of its main business has not shown significant improvement [1] - The company has conducted impairment tests on inventories, contract assets, and fixed assets, estimating a provision for fixed asset impairment of approximately 120 million yuan [1] - The actual amount of asset impairment to be recognized will depend on the evaluation report from the assessment agency and the audit data from the accounting firm [1]

Core Viewpoint - The company is actively adjusting its product pricing in the BOPET film industry, following the lead of industry leaders in initiating price increases [1] Group 1: Company Strategy - The company is focusing on the research and production of differentiated, functional film products to enhance product added value as its core competitive advantage [1] - The company is intentionally avoiding competition in the low-end film product market [1]