Group 1 - The company expects a net loss attributable to shareholders of the parent company for the year 2025, estimated between -125 million and -85 million yuan [3][4] - The net profit excluding non-recurring gains and losses is also projected to be between -125 million and -85 million yuan [4] - The previous year's net profit attributable to shareholders was -74.21 million yuan, with a total profit of -91.73 million yuan [6] Group 2 - The decline in performance is attributed to intensified industry competition and a strategic shift to select clients with better payment capabilities, leading to reduced revenue and lower gross margins [8] - The company has improved its operating cash flow through better management of accounts receivable and suppliers, with a projected increase in net cash flow from operating activities compared to the previous year [8] - The company underwent a change in control, with Ruiyuan International Resource Investment Co., Ltd. becoming the indirect controlling shareholder, and it officially joined the Chery Group, enhancing its business expansion capabilities [8]

Core Viewpoint - Wande's (688178.SH) announced that it expects to report a net loss attributable to shareholders of the parent company for the year 2025, with an estimated net profit ranging from -125 million to -85 million yuan [1] Financial Summary - The projected net loss for 2025 is estimated to be between -125 million yuan and -85 million yuan [1]

Core Viewpoint - Wande's (688178.SH) announcement indicates that the company expects a net loss attributable to shareholders of the parent company for the year 2025, with projected losses ranging from 125 million to 85 million yuan [1] Financial Performance - The anticipated net profit attributable to shareholders of the parent company for 2025 is projected to be between -125 million yuan and -85 million yuan [1]

Core Viewpoint - Wande's (688178.SH) is expected to report a net loss attributable to shareholders of the parent company for the year 2025, with estimates ranging from -125 million to -85 million yuan [1] Financial Performance - The company anticipates a net profit attributable to shareholders of the parent company, excluding non-recurring gains and losses, to also fall within the range of -125 million to -85 million yuan [1] - Revenue is projected to decrease year-on-year, alongside a reduction in gross margin, primarily due to intensified industry competition and stricter project selection criteria aimed at clients with better payment capabilities [1] Cash Flow Management - The company has implemented measures to enhance cash flow, including improved collection of accounts receivable and better management of upstream suppliers [1] - It is expected that the net cash flow from operating activities will increase compared to the same period in 2024, which was 81.87 million yuan, ensuring the company's capacity for sustainable development [1]

证券代码：688178 证券简称：万德斯 公告编号：2026-001 南京万德斯环保科技股份有限公司 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、准确性和完整性依法承担法律责任。 一、本期业绩预告情况 2025 年 1 月 1 日至 2025 年 12 月 31 日。 （二）业绩预告情况 （1）经财务部门初步测算，南京万德斯环保科技股份有限公司（以下简称"公 司"）预计 2025 年年度归属于母公司所有者的净利润将出现亏损，实现归属于母公 司所有者的净利润为-12,500.00 万元至-8,500.00 万元。 （2）归属于母公司所有者的扣除非经常性损益的净利润为-12,500.00 万元至 -8,500.00 万元。 （三）本次业绩预告未经注册会计师审计。 二、上年同期业绩情况 （一）利润总额：-9,172.76 万元。归属于母公司所有者的净利润：-7,420.91 万元。归属于母公司所有者的扣除非经常性损益的净利润：-7,300.82 万元。 （二）每股收益：-0.8731 元。 三、本期业绩变化的主要原因 1、报告期内， ...

Core Viewpoint - The company, Wandes, is forecasting a significant net loss for the year 2025, with expected net profit attributable to shareholders ranging from -125 million to -85 million yuan, primarily due to intensified industry competition and a strategic shift in client selection [1] Group 1: Financial Performance - The expected net profit for 2025 is projected to be between -125 million and -85 million yuan, with the same range applicable for net profit after excluding non-recurring gains and losses [1] - The company anticipates a decrease in operating revenue and a reduction in gross margin, leading to the forecasted losses [1] - The net cash flow from operating activities is expected to improve compared to the previous year, which recorded 81.87 million yuan, due to enhanced collection of accounts receivable and better management of upstream suppliers [1] Group 2: Strategic Developments - The company underwent a change in control, with Ruiyuan International Resource Investment Co., Ltd. becoming the indirect controlling shareholder, integrating into the Chery Group [1] - The affiliation with Chery Group is expected to enhance the company's business expansion capabilities [1] - In 2026, the company plans to strengthen its transformation into new business areas and market expansion, improve refined management, control costs, and enhance operational efficiency to drive profitability improvements [1]

Core Viewpoint - The company expects a net profit attributable to the parent company for 2025 to be between -125 million to -85 million yuan, compared to -74.21 million yuan in the same period last year [1] Financial Performance - The expected non-recurring net profit for the same period is projected to be between -125 million to -85 million yuan, compared to -73.01 million yuan in the previous year [1] - The main reasons for the performance changes are intensified industry competition and the company's increased project selection standards, leading to reduced revenue and lower gross margins [1] Cash Flow and Strategic Changes - The company's operating cash flow net amount has increased year-on-year [1] - The company has completed a change in control and has become part of the Chery Group, which is expected to enhance its business transformation and profitability in 2026 [1]

Group 1 - The core viewpoint of the news is that Wandes has shown a positive stock performance with a 2.00% increase on January 23, reaching a price of 26.00 CNY per share, and has a total market capitalization of 2.21 billion CNY [1] - Wandes' main business segments include organic waste management (63.15% of revenue) and industrial wastewater management (36.17% of revenue), with a focus on refining technology and project quality [1] - The company is categorized under the environmental industry, specifically in solid waste management, and is part of several concept sectors including micro-cap stocks and solid waste treatment [1] Group 2 - As of September 30, the number of Wandes' shareholders decreased by 11.74% to 3,714, while the average number of circulating shares per person increased by 13.30% to 22,885 shares [2] - For the period from January to September 2025, Wandes reported a revenue of 362 million CNY, a year-on-year decrease of 10.90%, and a net profit attributable to shareholders of -36.95 million CNY, reflecting a significant decline of 877.25% [2] - Since its A-share listing, Wandes has distributed a total of 59.56 million CNY in dividends, with 22.16 million CNY distributed over the past three years [3]

Group 1 - The core viewpoint of the news is that Wandes has shown a positive stock performance recently, with a year-to-date increase of 7.70% and a market capitalization of 2.2 billion yuan [1] - As of January 20, Wandes' stock price was 25.88 yuan per share, with a trading volume of 919.40 million yuan and a turnover rate of 0.42% [1] - The company focuses on organic waste and industrial wastewater management, with its main business revenue composition being 63.15% from overall environmental solutions and 36.17% from entrusted operations [1] Group 2 - As of September 30, the number of shareholders for Wandes decreased by 11.74% to 3,714, while the average circulating shares per person increased by 13.30% to 22,885 shares [2] - For the period from January to September 2025, Wandes reported a revenue of 362 million yuan, a year-on-year decrease of 10.90%, and a net profit attributable to shareholders of -36.95 million yuan, a decrease of 877.25% [2] Group 3 - Wandes has distributed a total of 59.56 million yuan in dividends since its A-share listing, with 22.16 million yuan distributed over the past three years [3]

Core Viewpoint - The company, Wandes, has experienced a decline in stock price and financial performance, indicating potential challenges in its operations and market conditions [1][2]. Financial Performance - As of September 30, Wandes reported a revenue of 362 million yuan, a year-on-year decrease of 10.90% [2]. - The net profit attributable to shareholders was -36.95 million yuan, reflecting a significant decline of 877.25% compared to the previous period [2]. - The company has distributed a total of 59.56 million yuan in dividends since its A-share listing, with 22.16 million yuan distributed over the past three years [3]. Stock Market Activity - On January 15, Wandes' stock price fell by 2.04%, trading at 24.96 yuan per share, with a total market capitalization of 2.122 billion yuan [1]. - The stock has seen a year-to-date increase of 3.87%, but a decline of 5.92% over the past 60 days [1]. - The net inflow of main funds was 192,100 yuan, with large orders accounting for 11.91% of purchases and 10.09% of sales [1]. Business Overview - Wandes, established on August 14, 2007, focuses on organic waste and industrial wastewater management, emphasizing refined technology and quality projects [1]. - The company's revenue composition includes 63.15% from comprehensive environmental solutions and 36.17% from entrusted operations [1]. - Wandes operates within the environmental industry, specifically in solid waste management, and is categorized under micro-cap stocks and wastewater treatment [1].