惠达卫浴(603385.SH)：预计2025年度归母净利润为负值

Core Viewpoint - The company, Huida Sanitary Ware (603385.SH), is experiencing a decline in product revenue and gross margin due to international geopolitical conflicts, industry cycle fluctuations, and changes in market conditions, leading to strategic business adjustments and increased asset impairment losses [1] Financial Performance - For the period from January to September 2025, the company's total profit was 15.9062 million yuan, with a net profit attributable to shareholders of 15.2405 million yuan [1] - The net profit attributable to shareholders after deducting non-recurring gains and losses was -47.3484 million yuan, indicating significant financial challenges [1] - The company anticipates a negative net profit for the fiscal year 2025 based on preliminary financial assessments [1]