Core Viewpoint - Huaxing Chuangye is expected to report a net loss attributable to shareholders of the listed company ranging from 120 million to 165 million yuan for the year 2025, primarily due to declining revenue from 5G construction, significant investments in virtual reality business, and impairment of rights related to the "Three-Body" series [1] Group 1: Financial Performance - The projected net loss for 2025 is between 120 million and 165 million yuan [1] - The expected net profit, excluding non-recurring gains and losses, is projected to be a loss of 118 million to 160 million yuan [1] - The anticipated impact of non-recurring gains and losses on net profit attributable to shareholders is estimated to be between 2 million and 5 million yuan [1] Group 2: Reasons for Loss - The decline in revenue is attributed to the peak of 5G construction having passed, leading to reduced operating income and gross profit [1] - Significant expenditures in research, operation, and asset amortization for the virtual reality business have resulted in substantial losses, as the revenue from this segment has not yet reached a scale [1] - The performance of the "Three-Body" business has not met expectations, leading to indications of impairment for the rights related to the three science fiction novels, necessitating a large impairment provision based on a careful assessment by a professional evaluation agency [1]

华星创业公告称，2025年1月1日至12月31日，预计营收5.5-6.2亿元，上年同期为6.91亿元；归属于上市 公司股东的净利润亏损1.2-1.65亿元，上年同期亏损7847.99万元；扣非后净利润亏损1.18-1.6亿元，上年 同期亏损8264.77万元。亏损主因是5G建设高峰过去致营收下降、毛利减少，虚拟现实业务投入大且收 入未形成规模，三体业务开展不及预期致相关许可使用权减值。非经常性损益预计为负，影响约200- 500万元。 ...