Kanglongda: The estimated net profit for the year 2025 is expected to turn losses into profits of 80 to 120 million yuan.

Kanglongda announced that it is expected to achieve a net profit attributable to the owners of the parent company of 80 million to 120 million yuan in 2025, compared to a loss of 486 million yuan in the same period last year, turning the loss into a profit; the non-recurring net profit is expected to be -15 million to 25 million yuan. The main reason for the expected profit is the increase in the sales rate of the Vietnam base, which contributes significantly to sales revenue and profits; in 2024, a goodwill impairment of 310 million yuan was made for the controlling subsidiary, which is not the case in this period; the transfer of the controlling subsidiary, GGS in the United States, generated a large investment income; the foreign exchange derivative trading business had not had a significant impact on the current period's performance.