南京商旅：预计2025年净利同比下降75.90%-83.57%

Core Viewpoint - The company, Nanjing Business Travel, anticipates a significant decline in net profit for the fiscal year 2025, projecting a net profit attributable to shareholders of 7.5 million to 11 million yuan, representing a year-on-year decrease of 75.90% to 83.57% [1] Financial Performance Summary - The expected net profit attributable to shareholders for 2025 is forecasted to be between 7.5 million and 11 million yuan, a substantial drop from the previous year's net profit of 45.64 million yuan [1] - The projected net profit excluding non-recurring gains and losses for 2025 is estimated to be between 5 million and 8.5 million yuan, with a year-on-year change ranging from -11.59% to 50.30% [1] - The previous year's net profit excluding non-recurring items was 5.6553 million yuan, indicating a significant variance in performance expectations for the upcoming year [1] Reasons for Performance Change - The primary reason for the anticipated decrease in performance is attributed to the high base effect from the previous year, which included substantial non-recurring gains from subsidiary bankruptcy liquidation and litigation receivables that reversed bad debts [1]