Performance Forecast - The company expects its total operating revenue for the year 2025 to be between 270 million and 320 million yuan, representing an increase of 106.26 million to 156.26 million yuan compared to the previous year, which is a year-on-year increase of 64.90% to 95.43% [1] - The net profit attributable to the parent company is projected to be a loss of between 22 million and 11 million yuan, which is a reduction in loss of 35.19 million to 46.19 million yuan compared to the previous year, reflecting a year-on-year decrease in loss of 61.53% to 80.77% [1] - The net profit attributable to the parent company after deducting non-recurring gains and losses is expected to be a loss of between 45 million and 28 million yuan, indicating a reduction in loss of 21.47 million to 38.47 million yuan compared to the previous year, which corresponds to a year-on-year decrease in loss of 32.30% to 57.88% [1] Previous Year Performance - In 2024, the company reported total operating revenue of 163.74 million yuan, with a total profit of -76.93 million yuan and a net profit attributable to the parent company of -57.19 million yuan [2] - The net profit attributable to the parent company after deducting non-recurring gains and losses was -66.47 million yuan, with a basic earnings per share of -0.76 yuan [2] Reasons for Performance Changes - The reduction in losses for the net profit attributable to the parent company and the net profit after deducting non-recurring gains and losses is primarily due to an increase in operating revenue, improved cost control leading to reduced expenses, and better collection of receivables resulting in the reversal of credit impairment losses [2][3]

Group 1 - The company Jingpin Special Equipment expects a net loss attributable to shareholders of the parent company for the fiscal year 2025, estimated between -22 million to -11 million yuan, which represents a reduction in loss of 35.19 million to 46.19 million yuan compared to the previous year, indicating a year-on-year decrease in loss of 61.53% to 80.77% [1] - The main reasons for the performance change include an increase in operating revenue compared to the previous year, improved cost control leading to reduced expenses, and better collection resulting in the reversal of credit impairment losses [1] - The company's operating revenue is affected by the adjustment of the price difference between the provisional price and the audited price based on the client's pricing situation, with major clients being specific field users, large groups, and research institutes [1] Group 2 - The company has disclosed in its IPO prospectus and regular reports that there is a significant difference between the provisional prices and the final approved prices, which may lead to substantial fluctuations in future revenue, profit, and gross margin [1] - Due to prudence, the company has made provisions for inventory impairment for long-held inventory, which has impacted the company's performance, resulting in continued losses for the reporting period [1]

Core Viewpoint - The company, Jingpin Special Equipment, has released its annual performance forecast, indicating a projected net loss for 2025, with a significant reduction in losses compared to the previous year [1] Financial Performance - The expected net profit attributable to shareholders for 2025 is projected to be between -22 million yuan and -11 million yuan [1] - The expected net profit after deducting non-recurring gains and losses is projected to be between -45 million yuan and -28 million yuan [1] - The net profit attributable to shareholders is expected to reduce losses by 61.53% to 80.77% year-on-year [1] Revenue and Cost Management - The increase in operating income compared to the previous year is a key factor in the reduction of losses [1] - Improved cost control has led to a decrease in expenses compared to the previous year [1] - Better collection of receivables has resulted in the reversal of credit impairment losses [1] Pricing Mechanism and Market Dynamics - The company's revenue is affected by the adjustment of the price difference between provisional pricing and audited pricing based on client evaluations [1] - The main customers are specific field users, large groups, and research institutes, with sales prices subject to approval by these clients [1] - The pricing mechanism, which involves significant differences between provisional and final approved prices, is a common industry practice and has been disclosed in the company's IPO prospectus and periodic reports [1] Inventory Management - The company has made provisions for inventory impairment based on prudence for older inventory [1] - These factors have contributed to the company's continued losses during the reporting period [1]