万盛股份预计2025年度经营业绩出现亏损

Core Viewpoint - Wansheng Co., Ltd. (603010) anticipates a negative net profit for the fiscal year 2025 due to various factors affecting its operational performance [1] Group 1: Financial Performance - The company expects to report a loss in net profit for 2025, primarily driven by lower-than-expected terminal demand for products and domestic capacity expansion [1] - The main products are experiencing oversupply, leading to a decline in product gross profit and gross profit margin, which adversely affects overall profitability [1] Group 2: Strategic Adjustments - In response to the competitive landscape and industry trends, the company is adjusting its product structure and capacity layout at certain bases [1] - To mitigate international trade barriers and enhance its global strategy, the company plans to relocate some of its domestic flame retardant production capacity to its facility in Thailand [1] Group 3: Asset Impairment - Due to the combined effects of capacity adjustments, relocations, ramp-up of production, and declining product gross margins, the existing operational performance of domestic bases is insufficient to cover the investment scale of the entire base [1] - The company indicates potential asset impairment, and it will recognize this in accordance with the Accounting Standards for Enterprises and its accounting policies [1]