DCWT (03768) has announced its full-year forecast for the period ending December 31, 2025. The group expects to report a pre-tax profit in the range of approximately 255.8 million yuan to 217.9 million yuan. This represents a decrease of between 58.6 million yuan and 96.5 million yuan compared to the pre-tax profit of about 314.4 million yuan recorded for the full year ended December 31, 2024. Furthermore, the profit attributable to the company's equity holders for the 2025 period is projected to be between approximately 212.3 million yuan and 180.8 million yuan. This indicates a reduction of 50.9 million yuan to 82.4 million yuan from the 263.2 million yuan reported for the previous full year. The anticipated decline in profit is primarily attributed to several factors: a decrease in revenue scale for 2025 resulting from the sale of a subsidiary company in 2024, leading to a year-on-year profit reduction; an expected increase in credit impairment losses for the 2025 financial year; and reduced engineering investments, which caused a同比下降 in profit contribution from the engineering construction business segment.