Huachangda: It is expected that the net profit will be a loss of 38-55 million yuan in 2025, turning to a loss year-on-year.

Hua Changda Announcement: It is expected that the net profit of the company will be a loss of 38-55 million yuan in 2025, while it made a profit of 77.6253 million yuan in the same period last year. During the reporting period, the market demand for the intelligent equipment manufacturing industry in which the company operates showed signs of recovery, but intensified competition led to a decrease in project profitability. The company actively expanded the market with its own technological advantages, maintained abundant orders in hand, achieved year-on-year growth in main business revenue, but saw a year-on-year decrease in total profit. On the one hand, intensified industry competition led companies to lower product prices in order to compete for market share, thereby eroding profit margins, resulting in a decrease in sales gross profit margins and some projects even experiencing losses. On the other hand, delays in payments from some clients led to an increase in credit impairment losses. Additionally, the company's tariff costs and exchange losses increased due to the impact of US tariff policies and exchange rate fluctuations.