Core Viewpoint - The company, Ruiskanda Technology Development Co., Ltd., anticipates a significant reduction in losses for the year 2025, projecting a net loss of approximately RMB 44 million, which is a decrease of about RMB 78 million compared to the previous year [3][5]. Performance Forecast - The company expects a net profit attributable to shareholders of approximately RMB -44 million for the year 2025, which represents a reduction in losses of around RMB 78 million compared to the previous year [3][8]. - The projected net profit, excluding non-recurring gains and losses, is expected to be approximately RMB -91 million, indicating a decrease in losses of about RMB 57 million compared to the previous year [3][8]. Previous Year Performance - In the previous year (2024), the net profit attributable to shareholders was RMB -122.49 million, and the net profit after excluding non-recurring gains and losses was RMB -148.21 million [5]. Reasons for Current Performance Forecast - The company's revenue decreased by 11% year-on-year due to a slower-than-expected macroeconomic recovery and intensified industry competition. However, there was a quarter-on-quarter revenue growth trend throughout the year, with a 26% increase in the fourth quarter compared to the third quarter and a 10% increase compared to the same quarter last year, achieving profitability in the fourth quarter [7]. - The company has actively adjusted its product business structure in response to market changes, increasing investment in next-generation transmission and data communication products while reducing investment in low-margin broadband terminal products, resulting in a 4 percentage point increase in overall gross margin, with gross profit remaining stable compared to the previous year [7]. - The company has strengthened budget management and efficiency control, leading to an 8% decrease in period expenses year-on-year, with R&D expenses down by 13%, sales expenses down by 3%, and management expenses down by 4%, contributing to the reduction in losses [7]. Impact of Court Ruling on Investment - The company fully provided for asset impairment of RMB 27.27 million for its long-term equity investment in the joint venture Suzhou Yirui Optoelectronics Technology Co., Ltd. in 2023. Recently, the company received a court ruling terminating the bankruptcy proceedings of Suzhou Yirui [13]. - Following the court's ruling, the company will cease accounting for the long-term equity investment in Suzhou Yirui, with the original amount of RMB 40.48 million previously recorded in capital reserves being transferred to investment income, which is expected to increase the company's profit for 2025 by RMB 40.48 million [14].

Core Viewpoint - The company, 瑞斯康达 (603803.SH), expects a net loss attributable to shareholders of approximately RMB -44 million for the fiscal year 2025, with a net loss of approximately RMB -91 million after excluding non-recurring gains and losses [1][2]. Group 1: Financial Performance - The company's operating revenue decreased by 11% year-on-year due to the slower-than-expected macroeconomic recovery and intensified industry competition. However, there was a quarter-on-quarter revenue growth trend, with a 26% increase in the fourth quarter compared to the third quarter and a 10% increase compared to the same quarter last year, achieving profitability in the fourth quarter [1]. - The comprehensive gross margin improved by 4 percentage points as the company adjusted its product business structure, increasing investment in next-generation transmission and data communication products while reducing investment in low-margin broadband terminal products [1]. Group 2: Cost Management - The company strengthened budget management and efficiency control, resulting in an 8% year-on-year decrease in period expenses. Research and development expenses decreased by 13%, sales expenses by 3%, and management expenses by 4%, contributing to a reduction in losses compared to the previous year [2]. - The expected impact of non-recurring gains and losses on the net profit attributable to shareholders is approximately RMB 47 million, primarily due to the termination of bankruptcy proceedings for its associate company, 苏州易锐光电科技有限公司, which will lead to a reclassification of RMB 40.48 million from capital reserves to investment income [2].