Red Cotton Group: Net profit in 2025 is expected to decrease by 80.85% - 84.89% compared to the previous year.

Red Cotton Co., Ltd. disclosed its performance forecast on January 29th, with an estimated net profit of 78.5 million to 99.5 million yuan in 2025, a year-on-year decrease of 84.89% to 80.85%. The company had occasional events in the same period last year. In 2024, the company wrote off other receivables that had been outstanding for more than three years and deducted asset losses, resulting in a decrease in deferred income tax expenses of approximately 429 million yuan, leading to a significant increase in the net profit attributable to the shareholders of the listed company in 2024.