TOND(SZ:002360)2026-01-30 10:30Financial Performance - The company expects a net profit of approximately -110 million yuan for the fiscal year 2025, representing a decline of 1,428.06% compared to the same period last year[4] - The basic earnings per share are projected to be -2.74 yuan, compared to -1.84 yuan in the previous year[6] Asset Impairment - The impairment loss on the construction of the PBAT integration project is estimated to be around 800 to 1,000 million yuan[8] - Fixed asset impairment related to real estate in Beijing is estimated at 20.41 million yuan[9] - The final assessment results regarding asset impairment testing are still pending[10] Financing and Expenses - Interest expenses related to the financing of the PBAT integration project amount to 12.9 million yuan, which will be fully expensed[9] - The company has recognized bad debt losses of 31.62 million yuan related to its supply chain and trade business[9] Sales and Operations - Sales volume of civil explosives has decreased due to a year-on-year decline in raw coal production in the operational area[9] Cautionary Notes - The financial data in this earnings forecast has not been audited by an external accounting firm[10] - Investors are advised to be cautious of investment risks due to the preliminary nature of the financial estimates[10]