GOLDEN UNION(SH:603682) 智通财经网·2026-01-20 12:10Core Viewpoint - Jinhe Business Management (603682.SH) forecasts a net profit attributable to shareholders of the listed company for 2025 to be between -125 million yuan and -75 million yuan, indicating a significant decline compared to the previous year [1] Group 1: Financial Performance - The expected net profit attributable to shareholders, excluding non-recurring gains and losses, is projected to be between -225 million yuan and -175 million yuan for 2025 [1] - The decline in net profit and net profit excluding non-recurring gains and losses is primarily due to overall pressure on the commercial office market, intensified competition, and declining market rents [1] Group 2: Market Conditions - Despite implementing a strategy of increasing volume through price reductions, the marginal rental transaction prices have decreased, leading to a decline in the company's main business gross profit margin [1] - The rental occupancy rate has slightly increased by the end of 2025 compared to the beginning of the year, but the downward trend in rental prices continues to exert pressure on net profit [1] Group 3: Asset Management - The company plans to conduct year-end impairment testing on certain assets and goodwill due to signs of impairment, following the principles of prudence and relevant accounting policies [1] - Based on expected credit losses, the company will also perform impairment tests and make provisions for credit impairment on accounts receivable and other receivables [1]