中国黄金发预减，预计2025年归母净利润2.86亿元到3.68亿元，同比减少55%到65%

Core Viewpoint - China Gold (600916.SH) expects a significant decline in net profit for the year 2025, projecting a range of 286 million to 368 million yuan, which represents a year-on-year decrease of 55% to 65% [1] Group 1: Financial Performance - The primary reason for the decline in net profit is attributed to the impact of the gold market and new policies, which have affected both investment and consumer gold product sales [1] - There has been a noticeable reduction in customer traffic at retail stores, leading to temporary sales pressure for the company [1] - The company's gold leasing business is facing challenges due to different accounting standards and measurement methods applied to assets and liabilities, resulting in a negative impact on profit from fair value changes [1] Group 2: Market Conditions - The rapid increase in gold prices has outpaced inventory turnover rates, contributing to the temporary negative effects on the company's profits [1]