Chiway(SZ:002374)2026-01-30 08:35Financial Performance Expectations - The company expects a net loss of between 220 million and 280 million CNY for the fiscal year 2025, compared to a loss of 256.52 million CNY in the same period last year [3]. - The expected operating revenue for 2025 is between 560 million and 580 million CNY, down from 636.27 million CNY in the previous year, indicating a decline of approximately 10% [3]. - The loss attributable to shareholders is projected to be between 2.3 billion and 2.9 billion CNY after deducting non-recurring gains and losses, compared to a loss of 260.96 million CNY last year [3]. - The basic earnings per share are expected to be a loss of 0.20 to 0.26 CNY, compared to a loss of 0.24 CNY per share in the previous year [3]. Revenue Decline Factors - The decline in revenue is primarily attributed to weak consumer demand and a decrease in liquor consumption, which has negatively impacted the liquor packaging business [6]. Impairment and Financial Health - The company has recognized impairment losses of approximately 200 to 250 million CNY due to long-term receivables from local governments and related platform companies [6]. - The company is actively seeking support from debt resolution policy funds to improve overall asset quality and financial health [6]. Audit and Reporting - The performance forecast has not been audited, and there may be discrepancies between the forecast and the final annual report due to ongoing audits of municipal landscaping projects [7]. - The company will provide detailed financial data in the 2025 annual report, urging investors to be aware of investment risks [7]. - The company has communicated with the accounting firm regarding the performance forecast, and there are no significant discrepancies identified [4].