ST Energy Saving: It is estimated that the net profit will be a loss of 40.8 million to 79.2 million yuan by 2025.

*ST Energy Conservation Announcement: It is expected that the net profit for the year 2025 will be negative, with an estimated net profit of -40.8 million to -79.2 million yuan, compared to -22.1236 million yuan in the same period last year. The company's 2025 audit work is still ongoing, as the auditor needs to further perform audit procedures on the recognition of project revenues and prepayments. There is still uncertainty regarding the recognition of project revenues and prepayments for the year 2025.