Shang Hai Zheng Quan Bao·2026-01-14 18:10Core Viewpoint - Beijing Jinyu Group Co., Ltd. is expected to report a significant net loss for the fiscal year 2025, with preliminary estimates indicating a net profit attributable to shareholders ranging from -900 million to -1.2 billion yuan [2][4]. Group 1: Performance Forecast - The performance forecast period is from January 1, 2025, to December 31, 2025 [3]. - The estimated net profit attributable to shareholders is projected to be between -900 million and -1.2 billion yuan [4]. - The estimated net profit after deducting non-recurring gains and losses is projected to be between -3.45 billion and -3.75 billion yuan [4]. Group 2: Previous Year Performance - In the same period last year, the net profit attributable to shareholders was -55.516 million yuan, and the net profit after deducting non-recurring gains and losses was -285.939 million yuan [5]. Group 3: Reasons for Performance Change - The company's building materials and real estate businesses are currently in a down cycle, impacting overall performance [7]. - The cement business has improved, achieving profitability through strategic optimization and cost reduction efforts [7]. - The real estate sector is facing weakened demand and pressured sales prices, adversely affecting operating profits [7]. Group 4: Other Remarks - The cement business has seen significant cost reductions and improved operational management, leading to a turnaround in profitability [8]. - The company is focusing on technological innovation and the development of new materials, with successful applications in major projects [8]. - The real estate business is prioritizing profit stability and cash flow management, but some projects have not met sales price expectations, leading to a temporary decline in gross margins [9].