先河环保(300137) - 2025 Q4 - 年度业绩预告

Profit Forecast - The company expects a net profit of between 12 million and 18 million yuan for 2025, a turnaround from a loss of 152.41 million yuan in the same period last year [3]. - The net profit after deducting non-recurring gains and losses is projected to be between 1.65 million and 7.65 million yuan, compared to a loss of 157.71 million yuan in the previous year [3]. Reasons for Profit Turnaround - The main reasons for the profit turnaround include the recovery of receivables aged over three years amounting to approximately 95 million yuan and a decrease in credit impairment losses by about 103 million yuan compared to 2024 [5]. - The company anticipates a goodwill impairment provision of approximately 5 million yuan for the year, significantly lower than the 74.41 million yuan recorded in 2024, indicating a reduction of over 93% [5]. Impact of Non-Recurring Items - Non-recurring gains and losses are expected to impact the net profit by approximately 10.35 million yuan, primarily from debt restructuring gains [5].