Pintan Development: it is estimated that the net profit will be a loss of 65-130 million yuan by 2025.

Pingtan Development Announcement, it is expected that the net profit will be a loss of 65 million to 130 million yuan in 2025, compared to a loss of 117 million yuan in the same period last year. The main reasons for the company's loss in 2025 are provisions for delayed completion breach penalties and inventory impairment losses for its controlling real estate project subsidiary company, affecting the net profit attributable to the shareholders of the listed company by approximately -70 million yuan; at the same time, the company has made provisions for impairment of assets with indications of impairment based on the "Enterprise Accounting Standards" in accordance with the principle of prudence.