San Yuan Corporation: Revenue in 2025 is expected to be around 6.35 billion, with possible losses due to impairment of investments.

Sanyuan Corporation announced that in 2025, the company is expected to achieve a revenue of around 6.35 billion yuan, which represents a year-on-year decrease. This is due to the expected impairment provision by the company's 49% owned French company HCo, leading to a decrease in the company's long-term equity investment. The net profit attributable to the parent company in 2025 is expected to be between -356 million and -178 million yuan, while the non-GAAP net profit attributable to the parent company is expected to be between -376 million and -198 million yuan, resulting in a loss compared to the same period of the previous year. Excluding the impact of this factor, it is expected that the net profit attributable to the parent company in 2025 will be between 260 million and 318 million yuan, representing an increase of 374% to 480% year-on-year; the non-GAAP net profit attributable to the parent company will be between 240 million and 298 million yuan, representing an increase of 705% to 899% year-on-year. The impairment test is not yet complete, and final data may vary.