Haixin Foods (SZ:002702)2026-01-30 08:25Financial Projections - The estimated net profit for 2025 is projected to be between -52 million and -37 million RMB, representing a decline of approximately 40.76% compared to the same period last year[5]. - The net profit after deducting non-recurring gains and losses is expected to be between -62 million and -45 million RMB, indicating a decrease of about 42.26% year-over-year[5]. - Basic earnings per share are forecasted to be between -0.0666 and -0.0936 RMB per share[5]. Performance Challenges - The decline in performance is primarily attributed to the ramp-up phase of the subsidiary Fujian Changheng Food Co., Ltd., leading to high fixed cost amortization[7]. - Sales of new product categories have not yet reached expected scale, impacting overall sales performance[7]. Strategic Investments - The company is increasing investments in channel development and brand promotion[8]. Accounting and Auditing - A prudent accounting approach has led to impairment testing of assets related to the wholly-owned subsidiary Zhejiang Yujie Food Co., Ltd., resulting in goodwill impairment provisions[8]. - The financial data provided is a preliminary estimate and has not been audited by the accounting firm, with final figures to be confirmed in the 2025 annual report[9].