MGI Tech Co.,Ltd. (688114.SH) has released its annual performance forecast for 2025. Based on preliminary calculations, the company expects its net profit attributable to the parent company's owners for the year to be between -273 million yuan and -221 million yuan. Compared to the net loss reported in the same period last year (based on legally disclosed data), this represents a significant reduction in loss by 327.827 million yuan to 379.827 million yuan, translating to a year-on-year decrease in loss of 54.56% to 63.22%.
During the reporting period, the company implemented a series of measures aimed at "improving quality, increasing efficiency, and enhancing returns." These initiatives, which included workforce efficiency improvements, a more focused R&D strategy, and full-cycle management of marketing expenses, led to a reduction in related costs and expenses compared to the same period.
Furthermore, fluctuations in the exchange rates of the US dollar and the euro during the reporting period resulted in a year-on-year increase in exchange gains generated from the company's foreign currency monetary items.
Additionally, in the first half of the year, the company reversed a tax provision that had been set aside in previous years for uncertain tax dispute risks, leading to a decrease in income tax expenses compared to the same period last year.
In accordance with the China Accounting Standards for Business Enterprises, the company's accounting policies, and the principle of prudence, the company has made accounting provisions for impairment losses on various assets within the scope of its consolidated financial statements as of December 31, 2025.
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