Shengshi Technology: Net profit is expected to decrease by 50.26%-64.55% in 2025 compared to the previous year.

Shengshi Technology announced that it is expected to have a net profit of 62-87 million yuan in 2025, a year-on-year decrease of 50.26%-64.55%. The main reasons for the company's performance change are as follows: due to the impact of the settlement cycle, some project payments have been delayed, and the company needs to make provisions for asset impairment, which has a significant impact on the company's current net profit; the company's expansion of strategic new businesses has resulted in a decrease in overall business gross margin; in 2025, the company implemented a restricted stock incentive plan for 2024, resulting in an increase in recognized share payment expenses compared to the same period last year; in 2025, the company increased its research and development investment in new businesses, resulting in an increase in research and development expenses.