Financial Performance - The company expects a net loss attributable to shareholders of approximately RMB -46 million to -55.2 million for the fiscal year 2025, indicating a significant decline compared to the previous year's profit of RMB 7.48 million [4]. - The projected net loss excluding non-recurring gains and losses is estimated to be around RMB -74.6 million to -89.5 million for 2025 [5]. - The total profit for the previous year was approximately RMB 39.74 million, with a net profit attributable to shareholders of RMB 7.48 million [7]. Market Challenges - The decline in performance is primarily due to increased international trade friction, which has significantly impacted the export business of the gas storage and transportation segment [8]. - Despite a year-on-year revenue increase in emerging businesses like hydrogen energy, the overall profitability remains below expectations due to intensified market competition [8]. Investment and Development - The company has increased its investment in new product development and supply chain layout, resulting in higher R&D expenses compared to the previous year [8]. - The earnings forecast is based on preliminary calculations by the company's finance department and has not yet been audited by an accounting firm [9]. - Investors are advised to pay attention to investment risks as the forecast data is subject to change pending the final audited financial report [10].
京城股份(600860) - 2025 Q4 - 年度业绩预告