On January 29, ST Derun released its 2025 annual performance forecast, expecting a net loss attributable to shareholders of the listed company ranging from RMB -40 million to RMB -25 million. Though still in the red, the company achieved a substantial reduction in losses compared with the net loss of RMB -1.2247585 billion in the same period of the previous year.
According to the announcement, the changes in the company's 2025 annual performance are mainly affected by multiple factors. On the one hand, all the company's business operations developed healthily and orderly during the reporting period. By focusing on its core business, strengthening internal management, increasing R&D investment and expanding the market, the business scale of connectors and other businesses was further expanded, realizing a steady growth in operating revenue and profitability. Meanwhile, Meta System S.p.A., the former holding subsidiary, was no longer included in the company's consolidated financial statements at the end of 2024, which also significantly reduced the negative impact on the company's profits.
On the other hand, the performance is still under pressure mainly due to the company's provision of a large amount of estimated liabilities based on the prudent principle. The company received the Advice of Proposed Administrative Penalty issued by the Shenzhen Regulatory Bureau of China Securities Regulatory Commission on December 31, 2025.
In addition, since being placed under investigation by the China Securities Regulatory Commission on December 25, 2024, the company has successively received lawsuits filed by investors. Given the long litigation cycle and potential changes in circumstances, there is significant uncertainty regarding the compensation amount. The company has made sufficient provision for estimated liabilities for this matter, which has had a significant negative impact on the current profit level.
(Reprinted from https://news.eccn.com/）