Financial Performance Expectations - The company expects a net profit loss for 2025, estimated between -58 million to -43 million CNY, compared to a loss of 70.90 million CNY in the previous year[6]. - The net profit after deducting non-recurring gains and losses is projected to be between -65 million to -50 million CNY, down from -78.18 million CNY year-over-year[6]. - The company's financial expenses for 2025 are estimated at approximately 19.55 million CNY, primarily due to new interest expenses related to bonds totaling about 19.81 million CNY[8]. - Expected credit impairment losses and asset impairment losses on accounts receivable and contract assets are estimated to be between 18 million to 25 million CNY[9]. - The specific financial data for 2025 will be detailed in the company's annual report, which will be disclosed later[10]. - The financial data in the earnings forecast is based on preliminary estimates by the company's finance department and has not been audited by an accounting firm[10]. Business Environment and Risk Management - The decline in new orders for the main business is attributed to industry cyclicality, market supply and demand changes, and reduced government investment[7]. - The company is actively managing risks related to delayed project payments and is strictly controlling project implementation progress[7]. - The company is continuing to push for settlement audits on completed projects, with some projects experiencing cost reductions[7]. Investor Guidance - Investors are advised to make cautious decisions and be aware of investment risks[10].
冠中生态(300948) - 2025 Q4 - 年度业绩预告