Fenglin Group(SH:601996)2026-01-16 10:45Financial Forecast - The company expects a net profit attributable to shareholders for 2025 to be between -100 million yuan and -148 million yuan, representing a year-on-year change of -23.35% to 16.66% compared to the previous year [2]. - The expected net profit after deducting non-recurring gains and losses for 2025 is also projected to be between -100 million yuan and -148 million yuan, with a year-on-year change of -18.12% to 20.19% [3]. - The previous year's net profit attributable to shareholders was -119.99 million yuan, with a net profit after deducting non-recurring gains and losses of -125.30 million yuan [5]. - The company reported a total profit of -120.40 million yuan for the previous year [5]. - The forecast data is preliminary and the final audited financial data will be disclosed in the official 2025 annual report [9]. Market Conditions - The main reason for the expected loss is the continued adjustment in the domestic real estate market, leading to weak demand in the downstream decoration and furniture industry, which has pressured sales of the company's products [7]. - The company has adjusted its production plans to maintain reasonable inventory levels, resulting in increased downtime and corresponding losses compared to the previous year [7]. - The company currently does not foresee any major uncertainties that could affect the accuracy of this earnings forecast [8].