Infinova (000670.SZ) has unveiled its 2025 annual performance forecast, indicating that the net loss attributable to shareholders is expected to range from RMB 69 million to RMB 97 million. This projection is in contrast to the RMB 61.9704 million loss recorded during the same period in the previous year. The anticipated negative net profit is mainly a result of prevailing market conditions. Specifically, there has been a drop in the selling prices of certain products within the distribution business, and new product lines are currently in the development phase, characterized by low gross margins. These factors have collectively contributed to a decline in the overall gross margin. Moreover, the execution of an equity incentive plan has led to the recognition of share-based payment expenses. Alongside this, financial interest expenses have been acknowledged, and a provision for goodwill impairment has been made.