北巴传媒：预计2025年度净利润为-1200万元到-800万元

Group 1 - The core viewpoint of the article is that Beiba Media is expected to report a net loss of between 12 million to 8 million yuan for the fiscal year 2025, indicating a significant decline compared to the previous year [1] - The primary reason for this expected loss is a substantial impairment loss anticipated from its associate company, Beijing Minghui Tianhai Gas Storage and Transportation Equipment Sales Co., Ltd [1] - The company uses the equity method to account for its long-term investment in Minghui Tianhai, which requires it to recognize its share of the net loss from Minghui Tianhai, thereby impacting its own financial results for 2025 [1]