ST Baoying: Revenue in 2025 is expected to be between 7.2 to 8.9 billion yuan, with a turnaround from loss to profit.

ST Baoying announced that in 2025, the company is expected to have a revenue of 720-890 million yuan, a year-on-year decrease; a net profit of 49-63 million yuan, turning losses from the previous year into profits. The non-GAAP net profit is expected to be -43 to -29 million yuan, compared to a loss of 678 million yuan in the same period of the previous year. The performance change is mainly due to the completion of a major asset sale at the end of 2024, divesting poorly performing assets, and non-recurring income of about 90 million yuan in 2025. However, due to factors such as market competition, the company is still expected to incur losses after adjustments. The company received a delisting warning in 2024 due to issues with certain indicators. If similar circumstances arise after the disclosure of the 2025 annual report, the company's stock may face the risk of delisting.