HIKING(SH:600735)2026-01-23 12:45Financial Performance Forecast - The company expects a net profit attributable to shareholders of the parent company for 2025 to be between -142 million and -95 million RMB, indicating a loss[1][2] - The estimated net profit attributable to shareholders after deducting non-recurring gains and losses is projected to be between -163 million and -109 million RMB[1][2] - The previous year's net profit attributable to shareholders was -133.78 million RMB, with a total profit of -21.60 million RMB[3] Asset Impairment and Regulatory Issues - The company plans to recognize impairment losses on certain assets and goodwill, including inventory and credit impairment losses, based on asset impairment testing[4] - The preliminary estimates of the performance forecast have not been audited by a registered accounting firm[5] - The company has received an administrative regulatory decision from the Qingdao Securities Regulatory Bureau regarding the occupation of funds, which may lead to stock suspension if not resolved[7] Risks and Stability Concerns - There are risks related to non-operating fund occupation by related parties, with potential low recovery rates due to bankruptcy proceedings of major shareholders[6] - The company faces risks regarding control stability due to the bankruptcy restructuring of its major shareholders[7]