Zhejiang Wansheng (SH:603010) Shang Hai Zheng Quan Bao·2026-01-11 18:51Core Viewpoint - Zhejiang Wansheng Co., Ltd. anticipates a net loss for the fiscal year 2025 due to various adverse factors affecting its operational performance [1][2]. Group 1: Financial Performance - The company expects a negative net profit attributable to shareholders for 2025, primarily due to international geopolitical conflicts, inflation in Europe and the U.S., and a persistently weak global economy leading to lower-than-expected end-product demand [1]. - As of the end of Q3 2025, the net profit attributable to shareholders was approximately 50.09 million yuan, indicating significant financial pressure [2]. Group 2: Operational Challenges - The company faces challenges such as oversupply of its main products, resulting in declining gross profit and gross profit margins, which adversely affect overall profitability [1]. - The company is adjusting its product structure and capacity layout in response to industry competition and trends, including relocating some production capacity to Thailand to mitigate international trade barriers [1]. Group 3: Strategic Adjustments - Despite the challenging industry landscape, the management is actively responding by enhancing research and development, market expansion, and cost reduction efforts, which have led to a year-on-year increase in operating revenue [2]. - The company is also experiencing significant fixed asset depreciation and impairment losses, which are contributing to the pressure on its operational performance [2].