轻纺城(600790) - 2025 Q4 - 年度业绩预告

Financial Performance Forecast - The company expects a net profit attributable to shareholders of the parent company for 2025 to be between -15 million and -22.5 million yuan, a decrease of 155.83 million to 163.33 million yuan compared to the same period last year, representing a year-on-year decline of 110.65% to 115.98%[2] - The company anticipates a net profit attributable to shareholders of the parent company, excluding non-recurring gains and losses, to be between -16.7 million and -25 million yuan, a decrease of 138.73 million to 147.03 million yuan compared to the previous year, reflecting a year-on-year decline of 113.68% to 120.49%[2] - The net profit attributable to shareholders of the parent company for the previous year was 140.83 million yuan, and the net profit excluding non-recurring gains and losses was 122.03 million yuan[4] Asset Impairment and Legal Issues - The company has made a provision for asset impairment of 111,345,899.70 yuan related to demolition compensation payments[4] - The company is currently involved in a lawsuit regarding the payment of demolition compensation, which may impact the financial data for 2025 depending on the outcome[5][7] Accounting Adjustments and Revenue Decline - The company has adjusted its accounting treatment for auction income and profits from the leasing rights of certain commercial properties, which will be recognized over the expected usable period rather than all at once[5] - There has been a decline in rental income from some markets, and increased depreciation from partially completed projects, leading to a reduction in main business revenue and profits[6] Preliminary Forecast and Investment Risks - The performance forecast is based on preliminary calculations by the finance department and has not yet been audited by a registered accountant[7] - Investors are advised to pay attention to investment risks as the forecast data is preliminary and subject to change upon the release of the audited annual report for 2025[8]