KELONG FINE CHEMICAL(SZ:300405)2026-01-29 09:04Financial Performance - The company expects a net profit in the range of -60 million to -30 million CNY for the fiscal year 2025, compared to -49.83 million CNY in the same period last year[5]. - The net profit after deducting non-recurring gains and losses is projected to be between -72 million and -42 million CNY, compared to -69.04 million CNY in the previous year[5]. - Non-recurring gains and losses are estimated to be around 12 million CNY, primarily from the reversal of bad debt provisions and government subsidies[8]. - The financial data presented is preliminary and has not been audited, with detailed financial information to be disclosed in the 2025 annual report[9]. - Investors are advised to make cautious decisions and be aware of investment risks due to the preliminary nature of the earnings forecast[9]. Market Conditions - The decline in traditional construction additive product sales is attributed to a slowdown in overall investment in the construction industry and continued weak market demand[8]. - The subsidiary Shenyang Huawu Building New Materials Technology Co., Ltd. experienced a decline in sales and gross margin, failing to meet profit expectations due to its strong correlation with the construction industry's performance[8]. Strategic Initiatives - The company has optimized its product structure, reducing reliance on single traditional products and promoting high-value specialty additives and customized products[7]. - The company has increased its export product variety and quantity by leveraging opportunities in global supply chain adjustments, particularly in Southeast Asia and Europe[7]. - The company is undergoing a strategic transformation towards high-tech, environmentally friendly fine chemical products, supported by hardware and process improvements[7].