Qin Chuan IoT: It is expected that the annual net profit will be a loss of 100 million to 120 million yuan in 2025.

Qin Chuan IOT announcement, it is expected that the net profit attributable to the owners of the parent company will be a loss of 100 million to 120 million yuan in 2025, a year-on-year decrease of 53.29% to 83.95%. The net profit attributable to the owners of the parent company after deducting non-recurring gains and losses will be a loss of 105 million to 125 million yuan, a year-on-year decrease of 46.45% to 74.34%. In the same period of the previous year, the net profit attributable to the owners of the parent company was a loss of 65.2365 million yuan, and the net profit attributable to the owners of the parent company after deducting non-recurring gains and losses was a loss of 71.6974 million yuan.