复旦复华(600624) - 2025 Q4 - 年度业绩预告

Financial Performance Forecast - The company expects a net profit attributable to shareholders for 2025 to be between -180 million and -270 million yuan, indicating an increase in losses compared to the previous year [2]. - The projected net profit attributable to shareholders after deducting non-recurring gains and losses is estimated to be between -175 million and -262.5 million yuan, also reflecting an increase in losses year-over-year [2]. - In 2024, the company reported a net profit attributable to shareholders of -133.21 million yuan, with a total profit of -133.02 million yuan [4]. Impairment and Asset Testing - The expected losses for 2025 are primarily due to impairment signs in real estate projects, influenced by macroeconomic conditions and fluctuations in the real estate industry cycle [5]. - The company conducted preliminary impairment testing on inventory according to accounting standards, leading to significant expected asset impairment losses for the year [5]. Audit and Reporting - The performance forecast data has not been audited by a registered accountant, and the final financial data will be based on the officially disclosed audited annual report for 2025 [6].