京源环保(688096) - 2025 Q4 - 年度业绩

Financial Performance - Total operating revenue for 2025 was CNY 47,374.29 million, a decrease of 0.49% year-on-year[5] - Net profit attributable to the parent company was CNY -6,686.50 million, a decline of 170.34% compared to the previous year[5] - The net profit attributable to the parent company after deducting non-recurring gains and losses was CNY -7,497.85 million, down 141.20% year-on-year[5] - Basic earnings per share decreased to CNY -0.29, a drop of 81.25% year-on-year[5] Assets and Equity - Total assets at the end of the reporting period were CNY 190,399.82 million, an increase of 3.37% from the beginning of the period[7] - Equity attributable to the parent company was CNY 85,225.56 million, up 9.14% from the previous year[7] Operational Challenges - The company increased its project selection standards, leading to a decrease in revenue and profit margins due to intensified industry competition[7] - The company’s fixed asset depreciation increased due to ongoing convertible bond projects, contributing to higher management expenses[8] Capital Changes - As of the reporting period, CNY 164,997,000 of convertible bonds had been converted into 18,236,667 shares, resulting in a 54.92% increase in share capital[9] - The company plans to conduct a special assessment of certain idle assets to reflect their recoverable amounts and fair values accurately[8]