Core Viewpoint - The company Aotexun (002227) is facing potential delisting risk due to projected significant losses in its 2025 financial results, which may lead to a warning from the Shenzhen Stock Exchange [1] Financial Performance Summary - Aotexun expects a total profit loss of between 71 million to 79.5 million yuan for 2025, with a net profit loss ranging from 63.6 million to 72.1 million yuan [1] - The net profit after deducting non-recurring gains and losses is projected to be a loss of 70 million to 78.5 million yuan, while the expected operating revenue is between 265 million to 280 million yuan [1] - The adjusted operating revenue, after deductions, is anticipated to be between 253 million to 268 million yuan, which is below the 300 million yuan threshold [1] Business Segment Analysis - The decline in revenue is primarily attributed to a significant drop in the power supply segment, which has seen a substantial decrease in gross profit year-on-year [2] - Although the new energy electric vehicle charging business has shown significant growth, its current revenue scale remains low and is insufficient to offset the performance decline in the power supply segment [2] - The company has conducted a comprehensive impairment test on assets showing signs of impairment, leading to further impacts on current profits due to the recognition of impairment provisions [2]

Core Viewpoint - The company, Aotexun, is forecasting a significant net loss for the year 2025, with expected losses ranging from 63.6 million to 72.1 million yuan for net profit attributable to shareholders, and from 70 million to 78.5 million yuan for net profit after deducting non-recurring gains and losses [1] Group 1: Financial Performance - The company's revenue has experienced a substantial decline due to a single factor affecting its power supply segment, leading to a year-on-year decrease in gross profit for that segment [1] - Although the new energy electric vehicle charging business has shown significant growth, its current revenue scale remains low and is insufficient to offset the performance decline in the power supply segment, resulting in a year-on-year decrease in both operating revenue and net profit [1] Group 2: Asset Valuation and Impairment - To accurately reflect the actual value of the company's assets, a comprehensive impairment test was conducted on assets showing signs of impairment, in accordance with relevant accounting standards and principles of prudence [1] - Following a careful assessment, the company has made provisions for impairment, which further impacted the current period's profit [1]