Core Viewpoint - Longsoft Technology (688078.SH) expects a significant decline in revenue and net profit for the year 2025, reflecting challenges in the coal industry and increased market competition [1] Financial Projections - The company anticipates annual revenue for 2025 to be between 148 million and 164 million [1] - Expected net profit attributable to the parent company for 2025 is projected to be between -49 million and -60 million [1] - The net profit excluding non-recurring gains and losses is expected to be between -55 million and -68 million [1] Industry Context - The coal industry is entering a cyclical adjustment phase, leading to downward pressure on the overall demand for intelligent coal mine construction [1] - Market demand release is slowing, and customer investment decisions are becoming more rational and cautious [1] Company Performance - The company has not met its new order expectations, resulting in a year-on-year decline in revenue scale [1] - Increased competition in the intermediate intelligent market has led the company to optimize product pricing and sales strategies to maintain market share [1] - The overall gross profit margin has decreased year-on-year due to a decline in average transaction prices [1] Operational Strategies - The company is enhancing its marketing system and strengthening the collection of accounts receivable, leading to an improved accounts receivable structure and a significant reduction in credit impairment losses [1] - Due to a substantial decline in the performance of its subsidiary, Boyier (Hebei) Intelligent Mining Technology Co., and adjustments in the company's R&D strategy, the company plans to recognize impairment provisions for goodwill related to this subsidiary based on accounting prudence [1]