Kyushu Railway Co., Ltd.: Expected net loss of 18 to 12 million yuan in 2025.

Announcement: It is expected that the net profit attributable to the shareholders of the listed company will be a loss of 18 to 12 million yuan in 2025, compared to a net profit of 11.52 million yuan in the same period last year. Due to market fluctuations and intensified industry competition, the construction progress of some projects has slowed down, resulting in a decrease in operating income compared to the same period last year; the progress of customer payments is lower than expected, leading to an increase in credit impairment losses compared to the same period last year; at the same time, in order to enhance core competitiveness, the company continues to increase research and development investment, leading to an increase in research and development expenses compared to the same period last year.