*ST张股发预亏，预计2025年度归母净亏损4.5亿元至5.5亿元

Core Viewpoint - *ST Zhanggu (000430.SZ) expects a net loss attributable to shareholders of the listed company between 450 million yuan and 550 million yuan for the fiscal year 2025, primarily due to anticipated asset impairment related to Dayong Ancient City [1] Financial Performance - The projected net loss for 2025 is estimated to be between 450 million yuan and 550 million yuan [1] - The final amount of asset impairment will be determined after evaluation and auditing by the company's appointed assessment and auditing institutions [1]