GuoGuang Electric Appliances: Expected net loss of 80-98.5 million yuan in 2025.

Guoguang Electric Appliance announced that it is expected to incur a net loss of 98.5 to 80 million yuan in 2025, compared to a profit of 253 million yuan in the same period last year. In response, the company will expand its research and development team, operations team, and sales management research and development period expenses are expected to increase significantly compared to the same period last year, by approximately 220 million yuan. Due to unfavorable changes in foreign exchange rates against the Chinese yuan during the reporting period, the company incurred exchange losses of approximately 70 million yuan; and the company made provisions for impairment of long-term equity investments and financial assistance to the industrial park company totaling approximately 83 million yuan during the reporting period.