Hai Rong Technology: Expected net profit to be negative in 2025.

HaiRong Technology Announcement: It is expected that the net profit for the year 2025 will be negative, with the net profit attributable to the shareholders of the listed company ranging from -21 million to -15 million, compared to 111 million in the same period last year. During the reporting period, the company's performance was under pressure, with a year-on-year decline. The main reasons are as follows: firstly, on the cost side, the price of main raw material palm kernel oil has risen, directly increasing the production cost of butter products; secondly, on the revenue side, the sales volume of butter products containing plant-based fats has decreased due to adjustments in traditional baking distribution channels and demand, leading to a decrease in operating income.