Mu Lin Sen: It is expected that the net profit will be between -1.1 billion yuan and -1.5 billion yuan in 2025, turning from profit to loss year-on-year.

Kulin Sen announcement: It is expected that the net profit for the year 2025 will be negative, with a net profit attributable to shareholders of the listed company ranging from -15 billion yuan to -11 billion yuan, and a net profit after deducting non-recurring gains and losses ranging from -14.5 billion yuan to -10.8 billion yuan. The company has been impacted by weak demand and declining orders in the European market. At the same time, in order to cope with the fierce competition in the global lighting market in the future, the company has accelerated the channel transformation process, which has led to an increase in operational costs. Due to the need for market introduction to take a certain period of time, there is still uncertainty in the current performance contribution. Based on prudence, the company has made impairment provisions for goodwill and other related assets. In addition, influenced by changes in industry supply and demand patterns and product price fluctuations, gross profit has decreased. The company continues to advance product adjustments and upgrades, and has conducted impairment tests on relevant inventories and assets.