Zhi Tong Cai Jing·2026-01-14 10:30Core Viewpoint - The company has experienced significant stock price fluctuations, with its A-shares closing at a price increase of over 20% over two consecutive trading days, followed by a trading halt on January 14, 2026, indicating strong market interest despite underlying financial challenges [1] Financial Performance - The company anticipates a net loss attributable to shareholders for the year 2025, estimated between 900 million to 1.2 billion [1] - The expected net profit attributable to shareholders, excluding non-recurring gains and losses, is projected to be between 3.45 billion to 3.75 billion [1] Revenue Contributions - The company’s subsidiary, Jinyu Hangjia, generated revenue of 587,000 (unaudited) from supplying gas products for the BEST project in Hefei, Anhui, during the first nine months of 2025 [1] - Another subsidiary, Tongda Refractories, achieved business revenue of 44.73 million (unaudited) from supplying refractory materials to four major launch bases [1] - These revenues represent a very small proportion of the company's total revenue of 69.489 billion for the first three quarters of 2025 [1]