Yuneng Technology: It is expected that the net profit will be a loss of 115 million to 140 million yuan in 2025.

Yuneng Technology announcement: It is expected that the net profit attributable to the owners of the parent company will be a loss of between 140 million and 115 million yuan in 2025. The company's performance in 2025 is expected to be a loss, mainly due to: 1. During the reporting period, the European photovoltaic market was affected by energy price fluctuations and the decline in household photovoltaic support policies, leading to a significant decrease in household photovoltaic installations. In this context, the company's sales and gross profit of micro inverters both declined. 2. The company has always been driven by research and innovation, constantly improving the integrated product matrix of light storage, and iterating and upgrading the integrated light storage solutions. During the reporting period, the company strengthened its research and development talent pool, increased research and development investment, leading to a rapid increase in research and development expenses. 3. The company is steadily advancing the localization of channels in overseas markets, continuously improving its global business layout. During the reporting period, the company increased its efforts to expand into emerging markets such as Asia, Africa, and Latin America, resulting in an increase in sales expenses compared to the previous year.