AAA PUBLIC(SH:600979)2026-01-23 10:00Financial Performance Expectations - The company expects a net profit attributable to shareholders of the parent company for 2025 to be between -520 million yuan and -300 million yuan, with a net profit excluding non-recurring gains and losses estimated between 135 million yuan and 165 million yuan[2]. - In the same period last year, the net profit attributable to shareholders was 235.73 million yuan, and the net profit excluding non-recurring gains and losses was 189.82 million yuan[4]. Revenue and Sales Impact - The decrease in sales revenue is primarily due to a reduction in electricity sales volume by approximately 215 million kWh and a decline in average selling prices, resulting in a revenue decrease of about 70 million yuan[6]. - The implementation of a low valley electricity price policy starting August 2025 is expected to further reduce sales revenue by approximately 33 million yuan[6]. Asset Loss and Impairment - The closure of certain power stations due to policy adjustments is projected to result in an asset loss impacting profits by approximately 295 million yuan, with additional impairment losses of about 186 million yuan[6]. - The company has not yet signed a final compensation agreement with the government regarding the closure of the power stations, which introduces uncertainty[7]. Financial Reporting and Investor Guidance - The financial data provided is preliminary and subject to final confirmation in the official 2025 annual report[8]. - The company emphasizes the importance of investors referring to designated media for official disclosures and cautions against investment risks[8].