Hangzhou Cables(SH:603618)2026-01-19 10:00Financial Performance - The company expects a net profit attributable to shareholders of approximately -300 million yuan for the year 2025, indicating a loss compared to the previous year [2]. - The net profit attributable to shareholders, excluding non-recurring gains and losses, is also projected to be around -300 million yuan for 2025 [3]. - In the previous year, the total profit was 176.49 million yuan, with a net profit attributable to shareholders of 137.88 million yuan [4]. Impairment and Costs - The company recorded a fixed asset impairment provision of 264.49 million yuan for its wholly-owned subsidiary, Hangzhou Yongte Information Technology Co., Ltd. [5]. - The decline in net profit is attributed to rising prices of key raw materials, leading to a decrease in gross margin compared to the previous year [5]. Earnings Forecast - The earnings forecast is based on preliminary calculations by the finance department and has not been audited by registered accountants [6]. - There are no significant uncertainties affecting the accuracy of the earnings forecast as of the announcement date [6]. - The data provided is preliminary and the final audited financial data will be disclosed in the official 2025 annual report [7].