GOLDEN UNION(SH:603682)2026-01-20 09:35Financial Projections - The company expects a net profit attributable to shareholders for 2025 to be between -125 million yuan and -75 million yuan[3]. - The expected net profit attributable to shareholders after deducting non-recurring gains and losses for 2025 is projected to be between -225 million yuan and -175 million yuan[3]. - The previous year's net profit attributable to shareholders was 14.75 million yuan, with a net profit after deducting non-recurring gains and losses of -95.81 million yuan[6]. Market Conditions - The decline in net profit is primarily due to overall market demand pressure, intensified competition, and a decrease in rental prices, leading to a decline in gross profit margin[7]. - The company has implemented a price-for-volume strategy, resulting in a slight increase in occupancy rates by the end of 2025 compared to the beginning of the year[7]. Asset Management - The company is currently conducting impairment tests on certain assets and goodwill due to declining rental prices, with the final impairment amounts pending audit[7]. - The company is monitoring the operational status of proposed impairment projects, which are currently stable[10]. Performance Commitments - A supplementary agreement regarding performance commitments related to the acquisition of Tongchang Shengye has been signed, which may positively impact the net profit attributable to shareholders[8]. Investment Risks - The company emphasizes that the performance forecast is based on preliminary calculations and has not been audited by registered accountants, highlighting investment risks[9]. - The final financial data will be disclosed in the official 2025 annual report, and investors are advised to pay attention to investment risks[10].