智通财经网·2026-01-16 06:40Core Viewpoint - Chongqing Steel's stock has dropped over 4% following the announcement of expected significant net losses for the fiscal year 2025, indicating ongoing challenges in the domestic steel market [1] Financial Performance - The company anticipates a net loss attributable to shareholders of between RMB 2.5 billion and RMB 2.8 billion for 2025, which represents an improvement in loss by RMB 396 million to RMB 696 million compared to the previous year [1] - The net loss after excluding non-recurring items is projected to be between RMB 2.53 billion and RMB 2.83 billion, with an expected reduction in loss of RMB 377 million to RMB 677 million year-on-year [1] Market Conditions - The domestic steel market is expected to experience a deep adjustment in supply and demand dynamics, with the construction materials sector showing particularly weak performance [1] - The company has indicated that some of its assets are showing signs of impairment, leading to plans for impairment testing and the provision for asset impairment in accordance with relevant accounting standards [1]