Jiangsu Hengshang Energy (SH:603137)2026-01-19 09:45Financial Performance Forecast - The company expects a net profit attributable to shareholders for 2025 to be between -38 million and -26 million RMB, indicating a loss compared to the previous year[3]. - The expected net profit after deducting non-recurring gains and losses for 2025 is projected to be between -40 million and -28 million RMB[3]. - In the previous year, the net profit attributable to shareholders was 93.35 million RMB, and the net profit after deducting non-recurring gains and losses was 80.29 million RMB[5]. Revenue and Market Conditions - The decline in revenue is attributed to increased downward pressure in the domestic curtain wall industry and intensified competition, leading to a decrease in project gross margins and construction volume[7]. - The company has increased provisions for bad debts and asset impairment losses due to extended settlement cycles from downstream customers, affecting cash flow[7]. Earnings Forecast and Risks - The earnings forecast has not yet been audited by an accounting firm, and the final figures will be disclosed in the audited annual report[4][9]. - The company has not identified any significant uncertainties that could affect the accuracy of this earnings forecast[8]. - Investors are advised to pay attention to investment risks as the forecast data is preliminary and subject to change[9].