HNHD(SZ:002163) Zheng Quan Shi Bao Wang·2026-01-15 10:53Core Viewpoint - Hainan Development (002163) expects a net loss of 440 million to 565 million yuan for 2025, compared to a loss of 379 million yuan in the same period last year, primarily due to the impact of the photovoltaic glass industry on its subsidiary, Haikong Sanxin, which is applying for bankruptcy liquidation [1] Financial Performance - The company anticipates a significant increase in losses for 2025, with the projected net loss ranging from 440 million to 565 million yuan, compared to a loss of 379 million yuan in the previous year [1] - The ongoing losses from Haikong Sanxin are a key factor contributing to the increased financial strain on the company [1] Business Operations - In the fourth quarter of 2025, the company reported new signed orders in the decoration and renovation business amounting to 1.649 billion yuan, with an additional 418 million yuan in orders that have been won but not yet signed [1]