HAIWEI ELEC (09609) announced that the group anticipates a 15% to 25% decline in revenue for the year ending December 31, 2025, compared to the revenue of RMB 421.7 million recorded for the year ending December 31, 2024. Furthermore, the profit attributable to owners of the company for the year ending December 31, 2025, is expected to decrease by 40% to 50%, compared to the approximately RMB 89.88 million reported for the previous year. The primary reasons for the decline in profit attributable to owners are: (i) intensified competition in the domestic market, which has led to a decrease in both sales volume and average selling price of the group's products, consequently reducing gross profit; and (ii) listing expenses incurred during the year in relation to the company's listing on the Main Board of The Stock Exchange of Hong Kong Limited.