Startup dark horse: it is estimated that the net profit for 2025 will be a loss of 45 to 55 million yuan, a decrease compared to the previous year.

Entrepreneurial Dark Horse Announcement: It is expected that the net profit for the year 2025 will be a loss of 45 to 55 million yuan, with a net profit of 106 million yuan in the same period last year. During the reporting period, the company continued to deepen the upgrade from traditional enterprise services to the promotion of AI application enterprise services platform. On one hand, the company actively reduced the scale of the scientific and technological intellectual property business and adjusted the resource allocation. Short-term operating costs and labor costs still remain at a relatively high level. On the other hand, the company faces significant repayment pressure in the scientific and technological intellectual property business, with an expected increase in credit loss ratio, leading to a substantial provision for credit impairment losses. In addition, the Tianqi large model completed core technology verification and closed-loop sales, entering the stage of scale channel deployment and ecological partner co-construction, with a significant investment in R&D and channel development.