时代万恒：预计2025年年度净利润为-1.4亿元到-1.2亿元

Core Viewpoint - The company expects to report a significant loss in 2025, with projected revenue of approximately 383 million and a net profit attributable to the parent company ranging from -140 million to -120 million, indicating a decline compared to the previous year [1] Financial Performance - The decline in performance is primarily attributed to a decrease in revenue from the core business of new energy batteries and a drop in gross margin, leading to a downturn in operational results [1] - The company anticipates recognizing impairment losses on long-term assets due to the performance forecasts of its two subsidiaries in the new energy battery sector [1] Investment Losses - The joint venture, Liaoning Times Building Co., Ltd., is expected to incur losses, which will be accounted for using the equity method, resulting in recognized investment losses [1] - The parent company has receivables from the underperforming subsidiary, Liaoning Jiuyi Lithium Energy Co., Ltd., which has consistently shown negative net assets, leading to a preliminary assessment that the receivables may have incurred substantial losses and may not be fully recoverable in the future [1]