Group 1 - The company, Hengshang Energy, expects to report a net profit attributable to shareholders of between -38 million and -26 million yuan for the year 2025, indicating a loss compared to the same period last year [1] - The primary reason for the performance change is a decline in operating revenue, influenced by macroeconomic factors and decreasing demand in the domestic construction curtain wall industry, which is facing increasing downward pressure and intensified competition [1] - The company's project gross margin, engineering settlement, and ongoing construction volume have decreased, leading to a year-on-year reduction in operating revenue [1] Group 2 - The company has made provisions for bad debts and asset impairment losses during the reporting period, largely due to extended settlement cycles from downstream clients, which affected the expected progress of project collections [1]

Core Viewpoint - Hengshang Energy (603137.SH) reported a significant decline in new project contracts for the fiscal year 2025, indicating potential challenges in its business operations and market conditions [1] Group 1: Financial Performance - The total amount of new project contracts signed for the fiscal year 2025 reached 1.311 billion yuan, representing a year-on-year decrease of 37.09% [1] - The cumulative new project contracts for building curtain walls and aluminum alloy doors and windows amounted to 1.213 billion yuan, down 41.79% year-on-year [1] - The total new project contracts for building materials sales reached 98 million yuan [1] Group 2: Project Quantity - The number of new projects signed for building curtain walls and aluminum alloy doors and windows in 2025 was 51, reflecting a year-on-year decrease of 8.93% [1]

Group 1 - The core point of the article is that Hengshang Energy (603137.SH) reported a significant decrease in new project contracts for the year 2025, with a total amount of 1.311 billion yuan, representing a year-on-year decline of 37.09% [1] - The cumulative new contracts for building curtain walls and aluminum alloy doors and windows amounted to 1.213 billion yuan, showing a year-on-year decrease of 41.79% [1] - The number of new projects signed for building curtain walls and aluminum alloy doors and windows in 2025 was 51, which is an 8.93% decrease compared to the previous year [1] Group 2 - The company also reported that its building materials sales business had cumulative new contracts amounting to 98 million yuan [1]

格隆汇1月19日丨恒尚节能(603137.SH)公布，江苏恒尚节能科技股份有限公司预计2025年年度归属于上 市公司股东的净利润为-3800万元到-2600万元；预计2025 年年度实现归属于上市公司股东的扣除非经常 性损益后的净利润为-4,000 万元到-2,800 万元。 ...

证券代码：603137 证券简称：恒尚节能 公告编号：2026-005 江苏恒尚节能科技股份有限公司 关于工程中标的自愿性披露公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担个别及连带责任。 江苏恒尚节能科技股份有限公司（以下简称"公司"）于近日收到相关单位发 来的三份中标通知书。中标相关情况如下： 5、建设地点：江苏省苏州市吴江区黎里镇长三角一体化示范区。 二、中标项目名称：西安太古里商业综合体项目外立面专业分包工程（2 标 段三区）。 1、招标人：西安腾运置业有限公司 该项目包含零售商场、文化设施及高端酒店等业态，项目建成后将助力打造 西安文旅新地标。 1 2、中标人：江苏恒尚节能科技股份有限公司 3、中标金额：12,605.19万元。 4、建设地点：陕西省西安市碑林区。 一、中标项目名称：WJ-03-016地块科研商务金融项目幕墙工程（暂估价）。 1、招标人：长三角一体化示范区新发展建设有限公司 2、中标人：苏州市华丽美登装饰装潢有限公司（联合体牵头人）、江苏恒 尚节能科技股份有限公司（联合体成员） 3、联合体中标金额：11, ...

证券代码：603137 证券简称：恒尚节能 公告编号：2026-004 江苏恒尚节能科技股份有限公司 关于2025年第四季度主要经营数据的公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性 陈述或者重大遗漏，并对其内容的真实性、准确性和完整性承担个别及连带 责任。 公司2025年第四季度新签项目数量及金额等主要经营数据如下表所示： | 业务名称 | 2025 | 新签项目数量 | 年第四季度 | | | --- | --- | --- | --- | --- | | | 新签项目数量 | | 新签项目金额 | 新签金额同比 | | | （个） | 同比变动情况 （%） | （亿元） | 变动情况（%） | | 建筑幕墙及铝 合金门窗工程 | 16 | -5.88 | 3.56 | -37.54 | 公司 2025 年度无已签订尚未执行的重大项目。 以上数据为阶段性统计数据，仅供投资者参考。 特此公告。 江苏恒尚节能科技股份有限公司董事会 2026 年 1 月 20 日 江苏恒尚节能科技股份有限公司（以下简称"公司"）2025年度累计新签项目 金额13.11亿元，同比减少37.09%。其中：建 ...

Financial Performance Forecast - The company expects a net profit attributable to shareholders for 2025 to be between -38 million and -26 million RMB, indicating a loss compared to the previous year[3]. - The expected net profit after deducting non-recurring gains and losses for 2025 is projected to be between -40 million and -28 million RMB[3]. - In the previous year, the net profit attributable to shareholders was 93.35 million RMB, and the net profit after deducting non-recurring gains and losses was 80.29 million RMB[5]. Revenue and Market Conditions - The decline in revenue is attributed to increased downward pressure in the domestic curtain wall industry and intensified competition, leading to a decrease in project gross margins and construction volume[7]. - The company has increased provisions for bad debts and asset impairment losses due to extended settlement cycles from downstream customers, affecting cash flow[7]. Earnings Forecast and Risks - The earnings forecast has not yet been audited by an accounting firm, and the final figures will be disclosed in the audited annual report[4][9]. - The company has not identified any significant uncertainties that could affect the accuracy of this earnings forecast[8]. - Investors are advised to pay attention to investment risks as the forecast data is preliminary and subject to change[9].

格隆汇1月19日丨恒尚节能(603137.SH)公布，江苏恒尚节能科技股份有限公司预计2025年年度归属于上 市公司股东的净利润为-3800万元到-2600万元；预计2025 年年度实现归属于上市公司股东的扣除非经常 性损益后的净利润为-4,000 万元到-2,800 万元。 ...

恒尚节能公告，预计2025年年度归属于上市公司股东的净利润为-3800万元到-2600万元，与上年同期相 比，将出现亏损。上年同期归属于上市公司股东的净利润为9335.33万元。 ...

证券代码：603137 证券简称：恒尚节能 公告编号：2026-002 江苏恒尚节能科技股份有限公司 关于全资子公司参与出资设立投资基金暨关联交易的进展公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述或者重大遗漏，并对其内容 的真实性、准确性和完整性承担法律责任。 重要内容提示： ■ 一、合作投资基本概述情况 经江苏恒尚节能科技股份有限公司（以下简称"恒尚节能"、"公司"、或者"本公司"）第二届董事会独立 董事专门会议2025年第一次会议、第二届董事会第十二次会议、第二届监事会第十次会议审议通过，公 司通过全资子公司无锡恒尚投资管理有限公司（以下简称"恒尚投资"）作为有限合伙人（LP）投资上 海长三角申创私募基金合伙企业（有限合伙）（以下简称"基金"）。公司本次对外投资系与关联方江苏 立霸实业股份有限公司（以下简称"立霸股份"）（系过去12个月内持有公司5%以上股份的自然人股东 卢凤仙女士实际控制的法人）共同投资，故构成关联交易，但未构成《上市公司重大资产重组管理办 法》规定的重大资产重组。上述事宜具体内容详见公司2025年9月24日披露于上海证券交易所官网 （www.sse.com. ...