CECM(SZ:300385)2026-01-29 10:32Financial Performance Expectations - The company expects a net loss for 2025 between CNY 21 million and CNY 30 million, compared to a net loss of CNY 46.43 million in the same period last year[3]. - The expected loss excluding non-recurring items is projected to be between CNY 21.5 million and CNY 30.5 million, down from a loss of CNY 46.92 million in the previous year[3]. - The company anticipates that non-recurring gains and losses will impact the net profit attributable to shareholders by approximately CNY 5 million, mainly from government subsidies[6]. Market Conditions - The decline in net profit is primarily due to market shrinkage in the waste incineration power generation sector and weak demand in the steel industry, leading to reduced revenue and lower gross margins[6]. - The hazardous waste operation segment is still undergoing deep adjustments, with both collection volumes and overall material prices decreasing amid intensified competition[6]. Audit and Reporting - The company has communicated with its auditing firm regarding the performance forecast, and there are no discrepancies in the forecast data[4]. - The final financial data will be disclosed in the 2025 annual report, and investors are advised to make cautious decisions and be aware of investment risks[7].