Xinsai Corporation: Estimated net loss of 148 million yuan in 2025, with a reduced loss rate.

Xinsai Corporation announced that it is expected to have a net loss attributable to shareholders of the listed company of approximately -148 million yuan in the fiscal year 2025, a decrease of 95.9912 million yuan compared to the same period last year; the non-recurring net loss is expected to decrease by 195 million yuan from the same period last year. In the same period last year, the company's net loss attributable to the parent company was 244 million yuan. The main reason for the performance forecast is the weak demand in the downstream market of cotton textiles, a decrease in cotton prices, an increase in loan and warehousing fees due to an increase in the volume of the cotton business, among other factors. Specific financial data will be subject to the 2025 annual report.