SMAC(SH:600073) Xin Lang Cai Jing·2026-01-20 07:56Core Viewpoint - The company, Guangming Meat Industry, anticipates a significant net loss for 2025, contrasting sharply with the previous year's profit, primarily due to a downturn in domestic pork prices and substantial losses in the pig farming sector [1] Financial Performance - The projected net profit attributable to shareholders for 2025 is expected to be between -116 million to -171 million yuan, compared to a profit of 216 million yuan in the same period last year [1] - The expected non-recurring net profit is forecasted to be between -136 million to -199 million yuan, while the previous year's figure was a profit of 86 million yuan [1] Market Conditions - The primary reason for the anticipated poor performance is the sluggish domestic market for pork, leading to significant losses in the pig farming segment [1] - Despite efforts to reduce costs and improve efficiency, the decline in pig sales prices has been substantial [1] Audit Status - The projected performance figures are unaudited and will be confirmed in the 2025 annual report [1]