In the next recycling cycle: It is expected that the net profit will be between a loss of 380 million yuan and a loss of 560 million yuan in 2025.

According to the Zhongzai Capital Environment announcement, it is expected to achieve a net loss attributable to the parent company's owner of 380 million to 560 million yuan in 2025. It is expected that the company will achieve a net loss attributable to the parent company's owner of 394 million to 574 million yuan after deducting non-recurring gains and losses in 2025. In 2025, the company's waste household appliance processing industry is in a period of transition of national subsidy policies, and the subsidy amount for waste household appliance processing enterprises from the national government has decreased significantly compared to previous years.