XCMG: The net loss is expected to be between 58 million and 87 million yuan in 2025.

XCMG Corporation announced that it is expected the net profit belonging to the owners of the parent company for the year 2025 to be between -87 million to -58 million yuan, and the non-recurring net profit to be between -135 million to -98 million yuan. The net profit for the previous year was 6.77 million yuan. The main reasons for the expected loss are: a decline in revenue and profits from shield tunneling machine business, the smart mining truck business has not yet reached scale; the provision for bad debts on accounts receivable; and a decrease in non-operating income compared to the previous year. The forecast data is preliminary and subject to change based on the 2025 annual report.