Galaxy Electronics: It is expected that the annual net profit will be a loss of 86 to 105 million yuan in 2025, a decrease in loss compared to the previous year.

Galaxy Electronics Announcement: It is expected that the annual net profit for the year 2025 will be a loss of 86 million to 105 million yuan, with a loss of 685 million yuan in the same period of the previous year. The overall operating performance in 2025 is expected to decrease compared to the same period in 2024, mainly due to the occurrence of a large amount of audit refunds and goodwill impairment at the company's wholly-owned subsidiary, Hefei Tongzhi Electromechanical Control Technology Co., Ltd. in 2024, which will not occur in 2025. The overall operating performance of the company in 2025 is expected to be a loss, mainly due to the impact on Tongzhi Electromechanical from specific field contract audit investigations, litigation matters, and a 36-month ban on participating in the military equipment procurement activities, resulting in a decrease in new orders. By the end of 2025, a large portion of the orders had not been confirmed as income, leading to a decrease in confirmed income compared to the previous year. Meanwhile, various operating expenses continue to occur, and provisions for impairment of related assets are made in accordance with enterprise accounting standards.