百大集团发预减，预计2025年度归母净利润700万元 同比减少94.73%

Core Viewpoint - The company Baida Group (600865.SH) forecasts a significant decline in net profit for the year 2025, projecting a net profit of 7 million yuan, which represents a decrease of 12,575.61 million yuan or 94.73% compared to the previous year [1] Financial Performance Summary - The expected net profit attributable to the parent company's owners for 2025 is 7 million yuan, down 94.73% year-on-year [1] - The projected net profit after deducting non-recurring gains and losses is approximately 7.5 million yuan, reflecting a decrease of 380.60 million yuan or 4.83% year-on-year [1] Reasons for Performance Decline - The primary reason for the performance decrease is the impact of non-recurring gains and losses [1] - In 2024, the company recognized a fair value change gain of 23.5684 million yuan, while for 2025, it anticipates a fair value change loss of approximately 137 million yuan, leading to a year-on-year decrease in net profit attributable to the parent company's owners of about 135 million yuan [1] - The losses are mainly due to the recognition of a fair value change loss of approximately 94.4 million yuan based on the unaudited annual report data of Hangzhou Industrial Trust Co., Ltd., and a fair value change loss of approximately 61.6 million yuan from the decline in stock prices of secondary market stocks held by the company [1]