Xiangyou Technology: The performance is expected to be in deficit by 2025, or may be subject to the implementation of delisting risk warning.

Xiangyu Technology announced that it is expected that the net profit attributable to the owners of the parent company in 2025 will be between -550 million yuan and -370 million yuan, compared to 13.1922 million yuan in the same period of the previous year; the non-recurring net profit will be between -550.14 million yuan and -370.14 million yuan; the net assets at the end of the period will be between -408.62 million yuan and -228.62 million yuan, compared to 141.3801 million yuan in the same period of the previous year. The main reason for the expected loss in performance is that some customers have overdue payments requiring a provision for impairment of 280 million to 460 million yuan, and the revenue scale has decreased significantly. In addition, non-operating losses are expected to decrease by approximately 9.5961 million yuan year-on-year. After the release of the annual report for 2025, there is a risk of being subject to delisting warning for the company's stock.