Fujin Technology: Estimated net loss of 580 million to 830 million yuan in 2025.

Funi Technology announced that it is expected that the net profit attributable to the owners of the parent company in 2025 will be -8.3 billion yuan to -5.8 billion yuan, compared to -3.32 billion yuan in the previous year; the non-recurring net profit will be -8.62 billion yuan to -6.12 billion yuan, compared to -3.66 billion yuan in the previous year. The main reasons for the change in performance are that the new production base is in the capacity climbing phase, resulting in high depreciation and amortization expenses; increased market expansion, adjustment of settlement methods, and product upgrades affecting gross profit; increased research and development investment; impact of export tax rebates and tariff policies on gross profit margins; and provisions for impairment of certain inventories and receivables.