Tianjin 712 Communication & Broadcasting Co.,Ltd. (603712.SH) has released its annual performance forecast for 2025, anticipating a net loss attributable to shareholders of the listed company in the range of 350 million to 550 million yuan for the full year. Compared with the same period last year (statutory disclosed data), the company remains in a loss-making position.
The primary reasons for this projected loss are threefold. First, demand from special institutional users in the specialized communications sector experienced periodic fluctuations, leading to a slight contraction in related revenue. Furthermore, new business areas developed in earlier strategic layouts are still in the market cultivation phase and have not yet generated substantial orders, failing to offset the short-term volatility in the core business.
Second, to consolidate the company's industry standing and strengthen its core competitiveness, strategic research and development investments have continued, which has placed pressure on net profit.
Third, the overall progress of sales collections in 2025 fell short of expectations, leading to a year-on-year increase in the impairment losses provisioned by the company, further impacting the net profit for the current period.
Due to the combined effect of the aforementioned factors, the company is expected to remain in a loss-making state for the full year of 2025.
