Wencan(SH:603348)2026-01-30 10:25Financial Performance Expectations - The company expects a net profit attributable to shareholders of the parent company for 2025 to be between -290 million and -400 million yuan, indicating a loss compared to the previous year [2]. - The estimated net profit after deducting non-recurring gains and losses is projected to be between -250 million and -360 million yuan for 2025 [3]. - The total profit for 2024 was 146.42 million yuan, with a net profit attributable to shareholders of 115.07 million yuan, and a net profit of 98.22 million yuan after deducting non-recurring gains and losses [6]. - The company anticipates a revenue of approximately 5.9 billion yuan for 2025, representing a year-on-year decline of about 5.56% [8]. Reasons for Expected Loss - The primary reasons for the expected loss include rising costs at the subsidiary Bailian Group and asset impairment tests due to underperformance of certain subsidiaries [8]. - A fire incident at the wholly-owned subsidiary Tianjin Xiongbang Die Casting Co., Ltd. is expected to impact the net profit for 2025 due to damage to facilities and inventory [8]. - The company has engaged a qualified third-party evaluation agency to assess asset impairment related to the fire incident [10]. Future Business Strategy - The company plans to focus on its core business in 2026, enhancing global capacity layout and improving production efficiency, product quality, and cost control [9]. - The company will also invest in research and innovation to promote product upgrades and maintain market leadership in key products [9]. Financial Reporting - The financial data provided is preliminary and unaudited, with the final figures to be disclosed in the audited annual report for 2025 [11].