园林股份：2025年预亏1.35亿元至2.3亿元

Core Viewpoint - The company, Garden Co. (605303.SH), anticipates a significant net loss for the year 2025, with projected losses ranging from 135 million to 230 million yuan, and a net profit excluding non-recurring losses expected to be between 155 million and 260 million yuan [1] Financial Projections - The company expects a net profit attributable to shareholders of the parent company for 2025 to be between -135 million and -230 million yuan [1] - The projected net profit excluding non-recurring losses for the same period is estimated to be between -155 million and -260 million yuan [1] Business Strategy - In response to changes in the traditional municipal landscaping construction industry, the company plans to focus on stable operations and long-term development by actively incubating new businesses with good growth prospects [1] - The company intends to reduce its engagement in traditional construction projects while cautiously advancing project construction based on the stability of payment capabilities [1] Reasons for Expected Loss - The anticipated loss is primarily due to delays in project work handover by clients and the failure to secure expected project funding, leading to a halt in construction on certain signed historical orders [1] - The company has made provisions for impairment losses on receivables and contract assets in accordance with relevant accounting standards [1]