兴化股份：预计2025年全年净亏损42000万元—56000万元

Core Viewpoint - Xinghua Co. is expected to report a net loss of 420 million to 560 million yuan for the year 2025, indicating ongoing financial difficulties due to low product sales prices and operational instability at its subsidiary [1] Financial Performance - The projected net profit attributable to shareholders for 2025 is a loss ranging from 420 million yuan to 560 million yuan [1] - The expected net profit after deducting non-recurring gains and losses is also a loss in the same range of 420 million to 560 million yuan [1] Operational Challenges - The primary reason for the losses is the continued low pricing of the company's main products [1] - Operational instability at the subsidiary Yushen Energy Chemical has prevented the company from achieving its production and efficiency targets [1] - Overall, the company's performance remains in a loss state due to these combined factors [1]