Financial Performance Expectations - The company expects a total profit loss for 2025 between -242.53 million and -202.53 million CNY, with a net profit attributable to shareholders of -244.00 million to -204.00 million CNY [4]. - Estimated operating revenue for 2025 is projected to be between 380.00 million and 400.00 million CNY, with revenue after excluding unrelated business income expected to be between 377.93 million and 397.93 million CNY [4]. - The previous year's total profit was -335.37 million CNY, with a net profit attributable to shareholders of -334.49 million CNY [7]. Asset and Financial Health - The company reported a net asset value at the end of 2025 expected to be between 697.00 million and 834.90 million CNY [5]. - The company faced significant impacts on net profit due to provisions for bad debts, with measures being taken to mitigate losses [10]. - High management expenses were reported due to operational maintenance and business transformation efforts, impacting profitability [11]. - The company disposed of non-core assets, leading to losses due to impairment and lower-than-expected transaction prices [12]. Risk Factors - There is a risk of delisting as the stock has been under risk warning since April 29, 2025, due to financial indicators [13]. - The audit work for the financial statements is ongoing, and the final audit opinion has not yet been formed [13]. - The data provided in the earnings forecast is preliminary and subject to change upon the release of the official annual report [13].
太和水(605081) - 2025 Q4 - 年度业绩预告