Zhi Tong Cai Jing·2026-01-16 06:38Core Viewpoint - Chongqing Steel (601005) is expected to report a net loss of RMB 2.5 billion to RMB 2.8 billion for the fiscal year 2025, indicating a reduction in losses compared to the previous year [1] Financial Performance - The company anticipates a net loss attributable to shareholders of RMB 2.5 billion to RMB 2.8 billion, which is a decrease in losses 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, reflecting a reduction in losses by RMB 377 million to RMB 677 million year-on-year [1] Market Conditions - The domestic steel market in 2025 is expected to experience significant structural adjustments, with a particularly weak performance in the construction materials sector [1] - The company has indicated that some of its assets are showing signs of impairment, and it plans to conduct impairment testing and make provisions for asset impairment in accordance with relevant accounting standards [1]