Financial Performance - The company expects a net profit attributable to shareholders of the parent company for 2025 to be between -19.9165 million and -13.278 million RMB, indicating a loss compared to the previous year [2]. - The projected net profit after deducting non-recurring gains and losses for 2025 is estimated to be between -42.8323 million and -28.5787 million RMB [5]. - In 2024, the total profit was 44.4839 million RMB, with a net profit attributable to shareholders of the parent company of 39.977 million RMB [7]. - The net profit attributable to shareholders after deducting non-recurring gains and losses in 2024 was 8.1013 million RMB [7]. - The earnings per share for 2024 was 0.15 RMB [8]. Factors Affecting Profitability - The main reasons for the expected loss include decreased gross margins on some projects due to intense competition in the construction industry [9]. - The company recognized credit impairment losses totaling approximately 15 million RMB related to receivables from internet advertising and historical receivables from the Baoneng Group [9]. - The fair value of investment properties decreased by approximately 4.6 million RMB compared to the previous year [9]. Forecast and Advisory - The forecast data is based on preliminary calculations by the finance department and has not been audited by registered accountants [6]. - Investors are advised to refer to the company's officially published announcements for accurate financial data and to exercise caution in their investment decisions [10].
科新发展(600234) - 2025 Q4 - 年度业绩预告