HILONG (01623) has announced that it expects to record a net loss of no more than approximately RMB 450 million for the fiscal year ending December 31, 2025, compared to a profit of about RMB 30 million in 2024. The shift from profit to loss is primarily attributed to a loss incurred from the sale of a vessel. Apart from the aforementioned factor, the Group's business operations remain stable and have not been significantly affected.