BEIJING AIRPORT (00694) has announced its financial forecast for 2025. The company expects to report a pre-tax loss ranging between approximately RMB 480 million and RMB 560 million, representing a year-on-year decrease of about 11.1% to 23.8%. The net loss is projected to be between approximately RMB 600 million and RMB 760 million, which would signify a significant reduction of about 45.3% to 56.8% compared to the previous year.

The improvement is attributed to the ongoing recovery in aviation market demand and the company's further strengthened cost control measures. These factors are expected to lead to a continued narrowing of the pre-tax loss for the 2025 fiscal year compared to 2024, consolidating the trend of sustained operational quality improvement.

In accordance with strict adherence to corporate accounting standards, the company re-evaluated the carrying value of its deferred tax assets at the balance sheet date. This review resulted in the reversal of a portion of these deferred tax assets for the 2025 fiscal year, leading to an increase in income tax expense. This accounting adjustment has contributed to the expected magnitude of the loss for 2025.