汇金股份(300368) - 2025 Q4 - 年度业绩预告

Financial Performance Expectations - The company expects a net profit of approximately -196 million yuan for the year 2025, compared to -140 million yuan in the same period last year[5]. - The net profit attributable to shareholders after deducting non-recurring gains and losses is expected to be -176 million yuan, compared to -120 million yuan in the previous year[5]. - The loss margin has narrowed compared to the same period last year, primarily due to goodwill impairment and fair value changes impacting the financial results[7]. Accounts Receivable Management - The company has strengthened accounts receivable management, but some receivables have longer recovery periods due to increased competition and financial pressure, leading to higher credit impairment losses[8]. Strategic Initiatives - Strategic investor China CITIC Financial Asset Management Co., Ltd. has been introduced, optimizing the overall debt financing structure and reducing financing costs, which positively impacted the loss margin[9]. Non-Recurring Gains and Losses - Non-recurring gains and losses are expected to impact the net profit attributable to shareholders by approximately 20 million yuan, mainly due to fair value changes of associated companies[9]. Earnings Forecast Uncertainty - Goodwill impairment and fair value changes are uncertain factors affecting the accuracy of the earnings forecast, with final amounts to be determined by professional evaluation and audit[10]. - The company emphasizes that the earnings forecast is based on preliminary calculations and has not been audited, with detailed financial data to be disclosed in the 2025 annual report[10].