水发燃气：2025年预计亏损7200万元—1.08亿元

Core Viewpoint - The company, Shandong Water Development Gas (603318), expects a net loss attributable to shareholders of 720 million to 1.08 billion yuan for the fiscal year 2025, a significant decline from a net profit of 1.03 billion yuan in the same period last year [1] LNG Business - The company's LNG business has experienced a decline in profitability due to a drop in LNG prices and a relaxed domestic supply environment [1] Urban Gas Business - The urban gas segment is facing weak downstream demand, leading to a narrowing of the purchase-sale price difference, which has resulted in reduced profit contributions [1]