SINOHYTEC (02402) is expected to incur a net loss attributable to shareholders of approximately 550 million to 720 million yuan in 2025, an increase of 20.50% to 57.74% year-on-year.

SINOHYTEC (02402) announced that, according to the preliminary calculations by the finance department, it is expected to incur a net loss attributable to owners of the parent company of approximately RMB 550 million to RMB 720 million in the fiscal year 2025, representing an increase of 20.50% to 57.74% compared to the corresponding period of the previous year. It is also expected to incur a net loss attributable to owners of the parent company, excluding non-recurring gains and losses, of approximately RMB 600 million to RMB 780 million in 2025, representing an increase of 10.55% to 43.71% compared to the corresponding period of the previous year. Based on prudent accounting principles, the company's credit impairment losses and asset impairment losses increased year-on-year during the reporting period, exacerbating the company's operating losses.