Performance Forecast - The performance forecast period is from January 1, 2025, to December 31, 2025 [2] - The company expects a net profit in the range of -30 million to -20 million, indicating a decline compared to the same period last year, primarily due to a significant reduction in non-recurring gains [3][4] Reasons for Performance Change - The expected non-recurring gains for 2025 are approximately 5 million, which is a substantial decrease compared to the previous year [4] - The net profit after deducting non-recurring gains is projected to be between -800 million and -700 million, which shows an increase compared to the same period last year. This is attributed to: 1. Increased demand in the vehicle emission testing market due to stricter regulatory requirements from the Ministry of Ecology and Environment [4] 2. Changes in the scope of consolidation due to the acquisition of a subsidiary [4] Additional Information - The performance forecast is based on preliminary calculations by the company's finance department and has not been audited by a registered accounting firm. Detailed financial data for the 2025 fiscal year will be disclosed in the annual report [5]

Core Viewpoint - Nanhua Instrument forecasts a net loss attributable to shareholders of 2 million to 3 million yuan for the year 2025, with a projected net profit excluding non-recurring gains and losses of -8 million to -7 million yuan, indicating a year-on-year increase of 48.98% to 55.36% in the latter category [1] Financial Performance - The expected net profit attributable to shareholders is projected to be between -3 million and -2 million yuan, a decline compared to the same period last year, primarily due to a significant decrease in non-recurring gains and losses, estimated at approximately 5 million yuan for 2025 [1] - The anticipated net profit excluding non-recurring gains and losses is expected to be between -8 million and -7 million yuan, showing growth compared to the previous year [1] Market and Regulatory Factors - The increase in demand for motor vehicle emission testing equipment is attributed to new regulations issued by the Ministry of Ecology and Environment and other departments, which emphasize strict compliance with emission standards and enhanced regulatory requirements [1] - The change in the scope of consolidation due to the acquisition of a subsidiary also contributes to the financial performance [1]