Halo New Network: Expected net loss of 730 million to 780 million yuan in 2025, turning from profit to loss year-on-year.

Halo New Network announced that it is expected to incur a net loss of 730 million to 780 million yuan in the fiscal year 2025. Due to the imbalance of supply and demand in some regions of the data center industry and intensified competition, the customer base of the data center industry is showing a characteristic of concentration, forming a business ecosystem with large single orders, few customers, and high stickiness, where customers have strong bargaining power and the company faces increased difficulty in acquiring customers. In addition, some customers are terminating leases due to business adjustments. At the same time, under the influence of the national "dual carbon" strategy, industry regulations on the total energy consumption and energy efficiency of data centers are becoming increasingly stringent, leading to continuous increases in the costs of data center equipment renovation and maintenance operations.