Core Viewpoint - Yonglianfeng Holdings (09882) anticipates a net loss of approximately HKD 2.5 million to HKD 3.8 million for the fiscal year ending December 31, 2025, representing a decline of about 140% to 160% compared to a net profit of approximately HKD 6.3 million for the fiscal year ending December 31, 2024 [1] Group 1 - The expected decrease in net profit is primarily due to a reduction in gross margin attributed to changes in the product mix, specifically a decrease in sales of high-margin turntable bearings and an increase in sales of lower-margin machinery and minerals [1] - The change in the amount of surrender value from life insurance plan investments is expected to result in a loss of approximately HKD 3 million [1] - Sales and distribution expenses are projected to increase by approximately HKD 1.5 million, including marketing expenses incurred for developing OEM businesses in Japan and China during the reporting period [1]