Core Viewpoint - The company, Beijing Zhen Shitong Technology Co., Ltd., anticipates a negative net profit for the fiscal year 2025 due to strategic business adjustments and a decline in order volume [2][3]. Performance Forecast - The performance forecast period is from January 1, 2025, to December 31, 2025, with an expected net profit in negative territory [1]. - The financial data related to this forecast has not been audited by an accounting firm, but preliminary discussions have occurred without major disagreements [2]. Reasons for Performance Change - The company is undergoing a strategic adjustment phase, leading to a shift from profit to loss. Key reasons include: 1. A decrease in order volume and delays in large project acceptance due to extended customer construction cycles, resulting in lower revenue compared to the previous year [3]. 2. Significant changes in credit impairment losses, primarily due to the recovery of long-term receivables in 2024, which reduced the amount of bad debt provisions [3]. Other Relevant Information - The performance forecast is based on preliminary calculations by the company's finance department, with detailed financial data to be disclosed in the 2025 annual report [4]. - The company has conducted a comprehensive review and impairment testing of its assets as of December 31, 2025, in accordance with accounting standards [8]. - The total amount of impairment provisions and asset write-offs is expected to impact the net profit attributable to shareholders by a reduction of 378.37 thousand yuan [9].

Core Viewpoint - The company, Zhen Shitong, is forecasting a significant net loss for the year 2025, with expected losses ranging from 55 million to 75 million yuan, indicating a strategic shift amidst intensified competition in traditional business areas [1] Financial Performance - The company anticipates a net profit attributable to shareholders of the listed company for 2025 to be between -75 million and -55 million yuan [1] - The expected net profit after deducting non-recurring gains and losses for 2025 is also projected to be between -75 million and -55 million yuan [1] Business Strategy - The company is currently undergoing a strategic adjustment period, focusing on controlling existing business scale to mitigate risks while actively developing a comprehensive solution centered on liquid cooling and expanding into the green computing sector [1] Operational Challenges - The company has experienced a decrease in order volume, and the acceptance of projects has been impacted by extended construction periods from clients, leading to a decline in operating revenue compared to the previous year [1] - There has been a significant change in credit impairment losses, primarily due to the recovery of a substantial amount of long-term receivables in 2024, resulting in a higher reduction of bad debt provisions for accounts receivable [1]