Core Viewpoint - Mingxin Xuteng (605068.SH) is expected to report a net loss attributable to shareholders of the parent company ranging from 90 million to 130 million yuan for the fiscal year 2025, indicating a significant downturn in performance [1] Group 1: Reasons for Expected Loss - The primary reason for the anticipated loss is the intensified price competition within the automotive industry, coupled with excessive annual decline pressure and changes in product structure, leading to a continuous decrease in the gross profit margin of the main business and a narrowing of product profitability [1] - The company has experienced increased depreciation and amortization due to the conversion of previously constructed projects into fixed assets, further compressing profit margins [1] - In accordance with the "Enterprise Accounting Standards" and related regulations, the company has identified and tested impairment indicators for various assets as of December 31, 2025, and plans to make provisions for asset impairments, which will significantly impact the overall performance for 2025 [1] - Rising costs and expenses are attributed to investments in the construction of a factory in Mexico, expansion into overseas markets, and the establishment of new domestic businesses, which have led to a year-on-year increase in expenditures, further affecting current profits [1]

Core Viewpoint - Mingxin Xuteng (605068.SH) has disclosed its annual performance forecast for 2025, expecting a net loss attributable to shareholders of the parent company between 90 million to 130 million yuan; the net loss attributable to shareholders after deducting non-recurring gains and losses is projected to be between 115 million to 155 million yuan [1] Group 1 - The company anticipates a significant net loss for the year 2025, indicating potential challenges in financial performance [1] - The forecasted net loss range suggests a deterioration in profitability compared to previous periods [1] - The expected losses highlight the impact of non-recurring items on the company's financial results [1]

Group 1 - The company Mingxin Xuteng (605068.SH) has disclosed its annual performance forecast for 2025, expecting a net loss attributable to shareholders of the parent company between 90 million and 130 million yuan [1] - The net loss attributable to shareholders of the parent company, after deducting non-recurring gains and losses, is anticipated to be between 115 million and 155 million yuan [1]

Group 1 - The company Mingxin Xuteng announced on January 22 that it plans to make a provision for credit and asset impairment totaling between 50.2 million to 61.5 million yuan for the fiscal year 2025, which will reduce the company's consolidated profit for the year by the same amount [1] - The provision is expected to impact the company's financial performance significantly, indicating potential challenges in asset management and credit quality [1] Group 2 - The news also highlights broader market implications, with U.S. assets experiencing a decline following geopolitical tensions, particularly related to Trump's interest in Greenland and a Danish pension fund liquidating U.S. debt [1] - The situation raises concerns about potential financial conflicts, with Europe holding significant financial leverage, suggesting a possible standoff between the U.S. and European markets [1]

Core Viewpoint - Mingxin Xuteng (605068.SH) plans to recognize an impairment provision of 50.2 million to 61.5 million yuan for the fiscal year 2025, which is expected to reduce total profit by the same amount [1] Financial Summary - The impairment provision is estimated to be between 50.2 million yuan and 61.5 million yuan [1] - This provision will lead to a corresponding decrease in total profit by 50.2 million to 61.5 million yuan [1]

明新旭腾新材料股份有限公司 关于 2025 年度拟计提资产减值准备的提示性公告 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： 明新旭腾新材料股份有限公司（以下简称"公司"）2025 年度拟计提减值 准备 5,020.00 万元至 6,150.00 万元，预计导致利润总额减少 5,020.00 万元至 6,150.00 万元。 本次计提减值准备的金额未经审计，最终会计处理及对公司 2025 年度利润 的影响以公司披露的 2025 年年报为准。 证券代码：605068 证券简称：明新旭腾 公告编号：2026-010 转债代码：111004 转债简称：明新转债 （一）信用减值损失 根据《企业会计准则》和公司相关会计政策的规定，公司基于应收账款、其 他应收款、应收票据等金融资产的性质，按照单项和组合评估预期信用损失，计 提信用减值损失。公司对 2025 年 12 月 31 日合并报表范围内应收账款、其他应 收款、应收票据等金融资产拟计提减值损失合计-380.00 万元至-450.00 万元。 （二）资产减值损失 根据 ...

Group 1 - The company Mingxin Xuteng (605068.SH) expects to achieve a net profit attributable to the parent company of between -130 million yuan and -90 million yuan for the year 2025 [1] - The net profit attributable to the parent company, after deducting non-recurring gains and losses, is projected to be between -155 million yuan and -115 million yuan for the same period [1]

Financial Performance Expectations - The company expects a net profit attributable to shareholders of the parent company for 2025 to be between -130 million and -90 million CNY, indicating a loss [3]. - The net profit attributable to shareholders after deducting non-recurring gains and losses is projected to be between -155 million and -115 million CNY [4]. - The previous year's net profit attributable to shareholders was -172.15 million CNY, with a total profit of -206.03 million CNY [7]. Cost and Margin Challenges - The company faced a continuous decline in gross margin due to intensified price competition in the automotive industry and changes in product structure [9]. - Increased costs were attributed to investments in the construction of a factory in Mexico and the expansion into overseas markets, impacting current profits [9]. Strategic Initiatives - The company plans to focus on optimizing customer and product structure, improving internal management efficiency, and implementing cost reduction measures to enhance profitability [9]. Uncertainties and Risks - The asset impairment testing is ongoing, and the estimated impairment impact on the 2025 performance is subject to uncertainty [10]. - The company is currently involved in pending litigation, which may affect financial reporting depending on future developments [10]. - The preliminary financial data provided is subject to final audit and may differ from the officially disclosed figures in the 2025 annual report [12].

Core Viewpoint - The company expects to report a net loss attributable to shareholders of the parent company ranging from 130 million to 90 million yuan for the year 2025, with a net loss excluding non-recurring gains and losses between 155 million and 115 million yuan [1] Group 1: Financial Performance - The company's main business gross margin continues to decline due to intensified price competition in the automotive industry [1] - The narrowing of product profitability is attributed to excessive annual decline pressure and changes in product structure [1] - Increased depreciation and amortization from previously constructed projects being put into service further compresses profit margins [1]

明新旭腾新材料股份有限公司 证券代码：605068 证券简称：明新旭腾 公告编号：2026-008 转债代码：111004 转债简称：明新转债 | 产品名称 | 受托人名 | 产品金 | 起息日 | 到期日 | | 预期年化 收益率 | 赎回金 | 实际收益 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | | 称 | 额 | | | | | 额 | | | | 中国银行客户结 | 中国银行 | | 2025 年 | | | | | | | | 构性存款产品 | 股份有限 | 4,000. | 11 月 17 | 2026 年 | 1 | 0.60%或 | 4,000. | 121,643.84 | 元 | | 【CSDVY2025141 | | 00 万元 | | 月 16 | 日 | 1.85% | 00 万元 | | | | | 公司 | | 日 | | | | | | | | 96】 | | | | | | | | | | 上述理财产品于 2026 年 1 月 16 日到期，公司于当日收回上述理财的本金 关于使用部分 ...