Senying Window Industry: It is expected that the net profit will be a loss of 42-53 million yuan in 2025.

Forest Eagle Window Industry Announcement: It is expected that the net profit for the year 2025 will be a loss of 42-53 million yuan. The main reasons for the expected loss in this reporting period are as follows: 1. In 2025, China's real estate market is still in a phase of deep supply-demand adjustment, with a decline in the scale of new housing delivery and intensified competition in the existing market, leading to a continuous restructuring of the industry's competitive landscape. During the reporting period, the company's new products such as new plastic windows, entrance doors, and overseas market business have not yet formed a significant source of revenue. While operating income and gross profit margins have shown some improvement during the company's channel transformation phase, the low capacity utilization rate continues to impact the overall profitability.