中国黄金：预计2025年年度净利润同比减少55%到65%

Core Viewpoint - The company expects a significant decline in net profit for the year 2025, with projections indicating a decrease of 4.5 billion to 5.32 billion yuan compared to the previous year, representing a year-on-year reduction of 55.00% to 65.00% [1] Financial Projections - The anticipated net profit attributable to the parent company for 2025 is estimated to be between 286 million and 368 million yuan [1] - The expected net profit after deducting non-recurring gains and losses is projected to be between 246 million and 328 million yuan, reflecting a decrease of 4.62 billion to 5.43 billion yuan year-on-year, which corresponds to a decline of 58.44% to 68.80% [1] Reasons for Profit Decline - The primary reasons for the decline in net profit include the impact of the gold market and new policies, which have adversely affected sales of both investment and consumer gold products [1] - A reduction in customer traffic at retail stores has led to temporary sales pressure for the company [1] - Additionally, discrepancies in accounting standards and measurement methods for the company's gold leasing business have resulted in a negative impact on profits due to the faster increase in gold prices compared to inventory turnover [1]