Core Viewpoint - Anzheng Fashion (603839.SH) is expected to report a net loss of 130 million to 210 million yuan for 2025, marking the fourth consecutive year of losses in net profit excluding non-recurring items, with cumulative losses exceeding 680 million yuan over the past four years [1][8]. Group 1: Financial Performance - The anticipated losses are primarily attributed to the underperformance of its subsidiary, Lishang Information, which is expected to incur losses of approximately 146 million to 166 million yuan [1][8]. - The company plans to recognize asset impairment provisions totaling between 230 million to 250 million yuan for 2025, significantly impacting its net profit [4][12]. - Anzheng Fashion's core apparel business has faced revenue declines for two consecutive years, with a 3.92% decrease in 2023 and a further 13.99% drop in 2024 [6][14]. Group 2: Subsidiary Performance - Lishang Information's revenue for 2023, 2024, and the first half of 2025 was 671 million, 733 million, and 412 million yuan respectively, with fluctuating net profits [3][11]. - The new business expansion initiated by Lishang Information in 2024 has not met expectations, leading to a goodwill impairment of approximately 63 million yuan [4][12]. - The company has faced significant risks related to prepayments for goods, with potential impairment of 40 million to 60 million yuan due to uncertainty in recovery [4][12]. Group 3: Brand Performance - The main brand, Jiuzi, has seen a revenue increase of 23.93% in the first half of 2025, while the overall company revenue grew by 12.74% [6][14]. - Multiple brands within the company have experienced varying degrees of gross margin decline, indicating that revenue growth may come at the cost of profit margins [6][15]. - The company has previously recognized substantial goodwill impairment losses related to Lishang Information, totaling 364 million yuan in 2022 and 33.58 million yuan in 2024 [6][13].

Group 1 - Northeast Securities expects a net profit of 1.477 billion yuan in 2025, a year-on-year increase of 69.06% [1] - Gansu Energy anticipates a net profit of 1.95 billion to 2.1 billion yuan in 2025, representing a year-on-year growth of 18.6% to 27.72% [2] - Ningbo Bank reports a projected net profit of 29.333 billion yuan in 2025, with an 8.13% year-on-year increase [3] Group 2 - Qianyuan Power forecasts a net profit of 567 million to 633 million yuan in 2025, indicating a year-on-year growth of 160% to 190% [5] - Batian Co. expects a net profit of 890 million to 980 million yuan in 2025, reflecting a year-on-year increase of 117.53% to 139.53% [6] - Tongfu Microelectronics anticipates a net profit of 1.1 billion to 1.35 billion yuan in 2025, with a year-on-year growth of 62.34% to 99.24% [7] Group 3 - Zhongyuan Nepe expects a net profit of 368 million to 428 million yuan in 2025, representing a year-on-year increase of 80.47% to 109.9% [8] - Huajin Co. predicts a net loss of 1.6 billion to 1.9 billion yuan in 2025, compared to a loss of 2.795 billion yuan in the previous year [9] - Xinghua Co. anticipates a net loss of 420 million to 560 million yuan in 2025, up from a loss of 380 million yuan in the previous year [4] Group 4 - Huayuan Holdings expects a net profit of 107 million to 118 million yuan in 2025, a year-on-year increase of 50.98% to 66.82% [12] - Taishan Petroleum forecasts a net profit of 130 million to 165 million yuan in 2025, indicating a year-on-year growth of 30.88% to 66.11% [13] - Jiuqi Software anticipates a net profit of 40 million to 60 million yuan in 2025, recovering from a loss of 156 million yuan in the previous year [21] Group 5 - Jin Fang Energy expects a net profit of 109 million to 143 million yuan in 2025, reflecting a year-on-year increase of 123.97% to 193.7% [16] - He Sheng New Materials anticipates a net profit of 152 million to 171 million yuan in 2025, representing a year-on-year growth of 55% to 75% [24] - Yuedong Microelectronics predicts a net loss of 340 million to 425 million yuan in 2025 [14] Group 6 - Aibo Medical plans to acquire at least 51% of Demai Medical, with an estimated valuation of the target company not exceeding 1 billion yuan [26] - Zhaoshang Shipping intends to build four 3000TEU container ships with a total investment of no more than 1.324 billion yuan [18] - Zhongtung High-tech's subsidiary has confirmed an increase in mineral resources, adding significant quantities of tungsten and other metals [27]

Group 1 - The company expects a net profit attributable to shareholders of the parent company for 2025 to be between -130 million and -210 million yuan, indicating a continued loss compared to the previous year [2][3] - The expected net profit after deducting non-recurring gains and losses is projected to be between -140 million and -220 million yuan [2][3] - The performance forecast period is from January 1, 2025, to December 31, 2025 [3] Group 2 - The previous year's net profit attributable to shareholders was -123.95 million yuan, and the total profit was -98.45 million yuan [5] - The net profit after deducting non-recurring gains and losses for the previous year was -139.68 million yuan [5] Group 3 - The main reasons for the expected loss include underperformance in the sales of new business by the subsidiary Shanghai Lishang Information Technology Co., leading to goodwill impairment of approximately 63 million yuan [7] - The company anticipates a reduction in the value of investment properties by about 20 million yuan due to the overall real estate market conditions [7] - Inventory impairment losses are expected to be around 107 million yuan, an increase of approximately 33 million yuan year-on-year, primarily due to increased inventory write-downs related to new projects by Lishang Information [7] - The company plans to recognize impairment losses on prepaid accounts ranging from 40 million to 60 million yuan due to significant uncertainty in recovering related goods [8] Group 4 - The asset impairment provision for the fourth quarter of 2025 is estimated to be between 148.82 million and 168.82 million yuan, which will reduce the total profit for the quarter by the same amount [13][23] - The total asset impairment provision for the entire year of 2025 is projected to be between 233.35 million and 253.35 million yuan [13][23] Group 5 - The board of directors has approved the asset impairment provision based on prudence, ensuring compliance with accounting standards and reflecting the company's financial condition accurately [24]

北京商报讯（记者 张君花）1月20日，安正时尚发布业绩预告称，预计2025年亏损1.3亿元到2.1亿元， 报告期内，控股子公司礼尚信息新拓展业务销售未达预期，商誉出现减值迹象。公司结合实际经营情况 及电商服务行业市场变化等因素，按照相关会计准则对存在减值迹象的相关资产或资产组进行了减值测 试，拟计提商誉减值约6300万元。报告期内，公司按照相关会计准则对存货进行了减值测试，拟计提存 货跌价损失约1.07亿元（同比增加约3300万元，主要系礼尚信息新拓展项目存货跌价增加所致）。 ...

Core Viewpoint - Anzheng Fashion (603839.SH) forecasts a net profit attributable to shareholders of the parent company for 2025 to be between -130 million to -210 million yuan, indicating significant financial challenges ahead [1] Financial Performance - The company plans to recognize a goodwill impairment of approximately 63 million yuan due to underperformance in sales from its subsidiary, Shanghai Lishang Information Technology Co., Ltd. [1] - The company anticipates an impairment of investment properties amounting to about 20 million yuan, influenced by the overall real estate market conditions [1] - A provision for inventory write-down losses is expected to be around 107 million yuan, which is an increase of approximately 33 million yuan year-on-year, primarily due to increased inventory write-downs from new projects at Lishang Information [1] - The company intends to recognize impairment losses on prepaid accounts receivable ranging from 40 million to 60 million yuan, as there is significant uncertainty regarding the recovery of certain prepaid business payments [1]

Core Viewpoint - Anzheng Fashion (603839.SH) forecasts a net profit attributable to shareholders of the parent company for 2025 to be between -130 million and -210 million yuan, indicating significant financial challenges ahead [1] Financial Performance - The company plans to recognize goodwill impairment of approximately 63 million yuan due to underperformance in sales from its subsidiary, Shanghai Lishang Information Technology Co., Ltd. [1] - The company anticipates an impairment of investment properties amounting to about 20 million yuan, influenced by the overall real estate market conditions [1] - A provision for inventory write-down losses is expected to be around 107 million yuan, which is an increase of approximately 33 million yuan year-on-year, primarily due to increased inventory write-downs from new projects at Lishang Information [1] - The company also plans to recognize impairment losses on prepaid accounts receivable ranging from 40 million to 60 million yuan, as there is significant uncertainty regarding the recovery of certain prepaid business payments [1]

Core Viewpoint - Anzheng Fashion (603839.SH) is expected to continue incurring losses in 2025, with projected net profit attributable to shareholders ranging from -130 million to -210 million yuan [1] Financial Performance - The company anticipates a net profit attributable to shareholders, excluding non-recurring gains and losses, to be between -140 million and -220 million yuan for the year 2025 [1]

安正时尚集团股份有限公司 关于 2025 年第四季度计提资产减值准备的公告 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法律责任。 证券代码：603839 证券简称：安正时尚 公告编号：2026-004 安正时尚集团股份有限公司（以下简称"公司"）于 2026 年 1 月 19 日召开 第六届董事会第二十四次会议,审议通过了《关于公司 2025 年第四季度计提资产 减值准备的议案》。现将相关情况公告如下： 一、本次计提资产减值准备概述 为了更加真实、准确地反映公司 2025 年第四季度财务报告，根据《企业会 计准则》及公司会计政策等相关规定，公司及下属子公司对 2025 年第四季度末 （截止 2025 年 12 月 31 日）所属资产进行了全面检查和减值测试，并对所属资 产可收回金额进行了充分的评估和分析，对可能发生资产减值损失的相关资产计 提减值准备。 公司本次计提资产减值准备的范围包括应收账款、其他应收款、存货、商誉、 投资性房地产、预付账款等。公司 2025 年第四季度计提资产减值准备 14,882.24 万元至 16,882. ...

证券代码：603839 证券简称：安正时尚 公告编号：2026-003 安正时尚集团股份有限公司 表决结果：6 票同意，0 票反对，0 票弃权，0 票回避。该议案获得通过。 一、董事会会议召开情况 安正时尚集团股份有限公司(以下简称"公司")第六届董事会第二十四次会 议于2026年1月19日在上海市长宁区临虹路168弄7号楼安正时尚6楼会议室以现 场结合通讯方式召开。本次董事会已于2026年1月14日以电子邮件、电话等方式 通知全体董事、高级管理人员，并发出会议资料。会议由董事长郑安政先生召集 并主持，应参加表决的董事6人，实际参加表决的董事6人，公司高级管理人员列 席了本次会议。本次会议的召集、召开和表决程序符合有关法律、法规和《安正 时尚集团股份有限公司章程》的规定，会议形成的决议合法有效。 二、董事会会议审议情况 本次会议采用记名投票方式，审议并通过了如下议案： （一）审议并通过《关于公司 2025 年第四季度计提资产减值准备的议案》 本议案已经公司董事会审计委员会审议通过。 具体内容详见上海证券交易所网站（www.sse.com.cn）及公司选定信披媒体 刊登的《安正时尚集团股份有限公司关于 2025 ...

安正时尚集团股份有限公司 2025 年年度业绩预告 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、本期业绩预告情况 （一）业绩预告期间 2025 年 1 月 1 日至 2025 年 12 月 31 日 证券代码：603839 证券简称：安正时尚 公告编号：2026-005 2.预计 2025 年年度实现归属于母公司所有者的扣除非经常性损益后的净利 润为-14,000.00 万元到-22,000.00 万元。 （三）本次业绩预告未经注册会计师审计。 1 业绩预告的具体适用情形:净利润为负值。 安正时尚集团股份有限公司（以下简称"公司"）预计2025年年度实现 归属于母公司所有者的净利润为-13,000.00万元到-21,000.00万元， 预计2025年年度实现归属于母公司所有者的扣除非经常性损益的净利 润为-14,000.00万元到-22,000.00万元。 二、上年同期经营业绩和财务状况 （一）利润总额：-9,844.98 万元。归属于母公司所有者的净利润： -12,395.36 万元。归属于母公司所有 ...