Jiangxi Tungsten Equipment: Loss of 291 million yuan in 2025.

Jiangwu Equipment disclosed its annual report on April 19th, with a total operating income of 2.575 billion yuan in 2025, a year-on-year decrease of 56.26%; the net loss attributable to the parent company was 291 million yuan, compared to a loss of 242 million yuan in the same period last year. In August 2025, the company implemented a major asset restructuring, and the coal business was no longer included in the consolidated financial statements from that month onwards. After the restructuring, the company's main business underwent fundamental changes, and the nature and scale of operations are no longer comparable to the same period last year, resulting in significant changes in key financial data and indicators compared to the previous period.