Core Viewpoint - The company expects a significant decrease in shareholder profit for the first half of 2025, primarily due to an asset impairment loss provision related to its waste treatment project [1] Group 1: Financial Outlook - The company anticipates a reduction of approximately 70% to 75% in shareholder profit for the first half of 2025 compared to the same period in 2024 [1] - An asset impairment provision of around RMB 160 million will be recognized in the first half of 2025 [1] Group 2: Project Status - The Xianju Project, a wholly-owned subsidiary established in 2018, focuses on hazardous waste treatment services, specifically solid hazardous waste incineration [1] - The project completed facility and equipment construction in 2022 and began trial operations in the fourth quarter of 2022 [1] - Operations were suspended due to an unexpected leakage incident discovered in early 2024, with temporary emergency measures implemented to prevent further leakage [1] Group 3: Strategic Decisions - A remediation plan has been developed based on an environmental assessment by third-party experts, but additional costs and time are expected to restore production [1] - The company has strategically decided to cease operations of the Xianju Project to focus on other sustainable growth opportunities due to competitive pressures and an oversupply of local disposal capacity [1] - The company believes that the assets related to the Xianju Project require impairment provisions due to the current operational status and declining sales prices [1]
北控城市资源(03718.HK)盈警：预期中期股东应占溢利同比减少约70%至75%