SDHT(SH:600308)2026-01-30 08:25Financial Performance Forecast - The company expects a net profit attributable to shareholders of the parent company for 2025 to be between -50 million and -70 million yuan, indicating a loss compared to the previous year [2]. - The net profit attributable to shareholders of the parent company, excluding non-recurring gains and losses, is projected to be between -125 million and -145 million yuan for 2025 [4]. - In the previous year, the total profit was 85.11 million yuan, with a net profit attributable to shareholders of the parent company of 36.16 million yuan [6]. - The projected performance is based on preliminary calculations by the finance department and has not been audited by certified public accountants [11]. - Investors are advised to note that the forecast data is preliminary and the final financial data will be disclosed in the official 2025 annual report [12]. Operational Challenges and Strategies - The company experienced a decline in gross margin due to a larger decrease in product sales prices compared to cost reductions, leading to operational performance fluctuations [8]. - The 700,000-ton pulp project is in its initial production phase, with scale effects and cost advantages not yet fully realized, impacting short-term profits [8]. - The company plans to optimize the 700,000-ton pulp project for full production and efficiency, aiming to enhance profitability in the paper-making business [10]. - The company is accelerating the construction of new chemical materials projects to create new profit growth points in the chemical sector [10]. - Internal management will be improved through digital tools to enhance production, supply chain, and operational efficiency [10].