Sanyi Network Technology: Revenue in 2025 is expected to decrease, and losses are expected to expand compared to the previous year.

Shanshi Network Technology announced that it is expected to have a revenue of 890 million to 950 million yuan in 2025, a year-on-year decrease of 4.67% to 10.70%; the net profit attributable to shareholders is expected to be -220 million to -180 million yuan, with a year-on-year increase in losses of 31.19% to 60.34%; the non-recurring net profit attributable to shareholders is expected to be -225 million to -185 million yuan, with a year-on-year increase in losses of 22.51% to 49.00%. The decrease in revenue is due to weak industry demand, intensified competition, and new products not contributing to income; the expansion of losses is attributed to factors such as declining revenue, rising prices of components, high research and development investment, increased impairment losses, and reduced subsidies and tax rebates. The remaining balance of the company's "Shanshi Convertible Bonds" is 267 million yuan, with a maturity date of March 22, 2028.