Wencan(SH:603348)2026-01-16 10:00Financial Performance Expectations - The company expects a net profit attributable to shareholders for 2025 to be negative, indicating a loss for the year[1] - The primary reasons for the expected loss include rising costs at the subsidiary Bailian Group, revenue decline, and product structure adjustments[1] - A fire incident at the wholly-owned subsidiary Tianjin Xiongbang Die Casting Co., Ltd. caused damage to facilities, equipment, and inventory, which will impact the 2025 performance[1] - The company is conducting impairment tests on assets showing signs of impairment, which will also affect the 2025 financial results[2] - The financial situation regarding the expected loss has not been audited by registered accountants, and final figures will be disclosed in the official 2025 annual report[3] Operational Status - As of the announcement date, the company's production and operations are normal[4]