China One Heavy: Expected net loss of 310 million to 460 million yuan in 2025.

China One Announcement: The company is expected to achieve a net profit attributable to the owners of the parent company of -3.1 billion yuan to -4.6 billion yuan in the year 2025, a reduction of losses of 32.76 billion yuan to 34.26 billion yuan compared to the same period last year. It is expected that the net profit attributable to the owners of the parent company after deducting non-recurring gains and losses in 2025 will be -6.62 billion yuan to -8.12 billion yuan, a reduction of losses of 29.50 billion yuan to 31.00 billion yuan compared to the same period last year. Due to the operational losses of some subsidiaries, one-time provision of internal retirement and termination benefits, and the payment of income tax by profitable subsidiaries, the company is still in a negative position in terms of net profit and net profit attributable to the owners of the parent company after tax consolidation.