Core Viewpoint - Dalian Thermal Power (600719.SH) expects a net profit attributable to shareholders of the listed company to be between -92 million and -112 million yuan for the fiscal year 2025, indicating a continued loss despite lower coal prices reducing operating costs [1] Financial Performance - The company anticipates a net profit attributable to shareholders, excluding non-recurring gains and losses, to range from -98 million to -118 million yuan for 2025 [1] - The decrease in coal prices has led to a year-on-year decline in operating costs, yet the company still projects a loss [1] Asset Impairment - The company has increased the asset impairment provision for the remaining demolition compensation of the Donghai Power Plant from 6% to 20%, amounting to 349.5674 million yuan [1]

Core Viewpoint - Dalian Thermal Power (600719) expects a net profit loss attributable to shareholders of the listed company between 92 million and 112 million yuan for the year 2025, compared to a loss of 146 million yuan in the same period last year [2] Group 1: Financial Performance - The company anticipates a net profit loss of 0.92 billion to 1.12 billion yuan for 2025 [2] - The previous year's loss was recorded at 1.46 billion yuan [2] - Despite a decrease in operating costs due to lower coal prices, the company still faces losses [2] Group 2: Asset Impairment - The company has increased the asset impairment provision for the remaining demolition compensation of the Donghai Power Plant from 6% to 20%, amounting to 350 million yuan [2]

Core Viewpoint - Dalian Thermal Power (600719) expects a net profit loss attributable to shareholders of the listed company between 92 million and 112 million yuan for the fiscal year 2025, compared to a loss of 146 million yuan in the same period last year [1] Financial Performance - The company anticipates a reduction in operating costs due to lower coal prices, which have contributed to a year-on-year decrease in operating costs [1] - Despite the decrease in costs, the company still projects a loss due to increased asset impairment provisions related to the remaining demolition compensation of 350 million yuan for the Donghai Power Plant, with the impairment ratio raised from 6% to 20% [1]

Financial Performance Forecast - The company expects a net profit attributable to shareholders of between -0.92 billion and -1.12 billion for the year 2025[5]. - The net profit attributable to shareholders, excluding non-recurring gains and losses, is projected to be between -0.98 billion and -1.18 billion[5]. - The previous year's net profit attributable to shareholders was -1.46 billion, and the net profit excluding non-recurring gains and losses was -1.48 billion[4]. - The estimated loss per share for the current period is -0.361 yuan[6]. Reasons for Expected Loss - The primary reason for the expected loss is an increase in the asset impairment provision for the remaining demolition compensation of the Donghai Power Plant from 6% to 20%, amounting to 349.57 million yuan[5][7]. - Despite a decrease in coal prices leading to a reduction in operating costs, the company still anticipates a loss due to the increased impairment provision[5][7]. Forecast Accuracy and Risks - The performance forecast has not been audited by registered accountants, and the accuracy of the forecast is based on the company's financial department's preliminary calculations[8]. - There are no significant uncertainties affecting the accuracy of this performance forecast[8]. - The forecast data is preliminary and the final financial data will be disclosed in the official 2025 annual report[9]. - Investors are advised to pay attention to investment risks related to the preliminary nature of the forecast[9].

Group 1 - The core point of the article is that Dalian Thermal Power has reported that as of January 9, 2026, the total number of shareholders is less than 33,000 [2]

Core Insights - The article discusses the trend of decreasing shareholder accounts among companies, indicating a concentration of shares. A total of 440 companies reported their latest shareholder numbers as of January 10, with 67 companies experiencing a decline for more than three consecutive periods, and some, like Tongda Power, seeing a decrease for ten consecutive periods [1]. Group 1: Shareholder Trends - A total of 440 companies reported their shareholder numbers, with 67 companies showing a decline for over three periods, and some like Tongda Power experiencing a 12.19% decrease over ten periods [1]. - Notable companies with significant declines include Tongda Power (27,253 accounts, down 12.19%) and Guotou Fengle (60,728 accounts, down 7.40%) [1]. - Companies with the largest recent declines in shareholder numbers include Furong Technology (down 7.34%), Yong'an Forestry (down 4.29%), and Fujian Jinsen (down 4.24%) [1]. Group 2: Market Performance - Among the companies with decreasing shareholder numbers, 38 saw their stock prices rise, while 29 experienced declines. Notable gainers include Huarui Co. (up 28.50%), Zhongyuan Neipei (up 23.38%), and Juran Zhijia (up 18.36%) [2]. - 18 companies outperformed the Shanghai Composite Index, with Huarui Co. achieving a relative return of 23.84% compared to the index [2]. - The sectors with the highest concentration of companies experiencing declining shareholder numbers include electric equipment, agriculture, forestry, animal husbandry, and public utilities [2]. Group 3: Institutional Interest - In the past month, nine companies with decreasing shareholder numbers were subject to institutional research, with Xingfa Group and Jintian Co. being the most frequently researched, each receiving two inquiries [2]. - The number of institutions involved in research was highest for Xingfa Group (107 institutions), followed by COFCO Technology (38 institutions) and Jintian Co. (23 institutions) [2]. Group 4: Performance Metrics - One company, Shaanxi Guotou A, reported a net profit growth of 5.70% for the year 2025 [3]. - A detailed table lists companies with declining shareholder numbers, showing metrics such as the latest shareholder count, percentage change, consecutive decline periods, and stock performance relative to the index [3][4][5][6].

Core Insights - The article highlights a trend of decreasing shareholder accounts among 147 companies, indicating a concentration of shares, with some companies experiencing declines for over three consecutive periods [1][2]. Group 1: Shareholder Account Trends - 20 companies have reported a continuous decrease in shareholder accounts for more than three periods, with the most significant decline being 8 periods for companies like Rainbow Group and Zhongshe Co., Ltd [1]. - Rainbow Group's latest shareholder account number is 14,099, reflecting a cumulative decrease of 37.90%, while Zhongshe Co., Ltd has 17,257 accounts, with a cumulative decline of 19.20% [1]. - Other companies with notable declines include Changyuan Power and Huari Co., Ltd, which also show a trend of decreasing shareholder accounts [1]. Group 2: Market Performance - Among the companies with declining shareholder accounts, 10 have seen their stock prices increase, while another 10 have experienced declines, with Huari Co., Ltd, Hongming Co., Ltd, and Dalian Thermal Power showing significant increases of 34.70%, 14.28%, and 5.39% respectively [2]. - Only 2 companies outperformed the Shanghai Composite Index during this period, with Huari Co., Ltd and Hongming Co., Ltd achieving relative returns of 29.38% and 10.63% respectively [2]. - The sectors with the highest concentration of companies experiencing declining shareholder accounts include public utilities, non-bank financials, and electronics, with 4, 3, and 2 companies respectively [2]. Group 3: Detailed Company Data - The article provides a detailed table of companies with declining shareholder accounts, including their latest account numbers, percentage changes, and stock performance relative to the Shanghai Composite Index [2][3]. - For instance, Fulong Technology reported 51,363 accounts, a decrease of 7.34%, while Huari Co., Ltd had 11,700 accounts, down by 3.18% but with a stock increase of 34.70% [2][3]. - Other companies listed include Changcheng Securities, Dalian Thermal Power, and Hongming Co., Ltd, each with varying degrees of account changes and stock performance [3].

Core Viewpoint - Dalian Thermal Power (600719.SH) is expected to report a negative net profit attributable to shareholders for the fiscal year 2025, indicating an anticipated loss in operational performance [1] Financial Performance - The company’s financial department has conducted preliminary calculations, forecasting a loss for the fiscal year 2025 [1] - The final financial data will be confirmed in the official 2025 annual report to be disclosed by the company [1] Compliance and Reporting - The company will strictly adhere to the Shanghai Stock Exchange listing rules and other relevant regulations [1] - There is an emphasis on accelerating the financial accounting process to expedite the disclosure of the 2025 annual performance forecast [1]

Core Viewpoint - Dalian Thermal Power (600719) announced on January 9 that it expects a negative net profit attributable to shareholders for the fiscal year 2025, indicating an anticipated operating loss for the year [1]. Financial Performance - The company’s financial department has conducted preliminary calculations, leading to the expectation of a loss in the 2025 annual operating performance [1].

Core Viewpoint - Dalian Thermal Power (600719.SH) announced that it expects a negative net profit attributable to shareholders for the fiscal year 2025, indicating an anticipated operating loss for the year [1] Group 1 - The company’s financial department has conducted preliminary calculations regarding its future performance [1] - The expected loss for 2025 marks a significant downturn in the company's operating results [1]