TJBE(SZ:000695)2026-01-19 11:35Financial Performance - The company expects a net profit of approximately -98 million CNY for the fiscal year 2025, compared to -69 million CNY in the same period last year[2] - The net profit attributable to shareholders is projected to be -98 million CNY, while the net profit after deducting non-recurring gains and losses is expected to be -96 million CNY[3] - The basic earnings per share is estimated at -0.4411 CNY, a decrease from -0.3106 CNY in the previous year[3] Cost and Margin Challenges - The decline in gross margin is attributed to the small overall scale of negative electrode material production capacity, high fixed asset depreciation, and rising raw material prices[5] - Financial expenses are expected to be high due to the reliance on debt for funding the construction of production lines and working capital in the new energy negative electrode material sector[5] Project and Impairment Considerations - The company has not advanced its polysilicon photovoltaic business project in Baotou, leading to a cautious approach in recognizing impairment provisions for related construction projects[5] - The financial data in the earnings forecast is a preliminary estimate and will be finalized in the audited annual report for 2025[6] Investor Guidance - The company emphasizes the importance of cautious decision-making for investors due to the projected negative performance[6]