YXCHC(SZ:000987) Ge Long Hui A P P·2026-01-20 12:58Core Viewpoint - The company, Yuexiu Capital, expects a significant increase in net profit attributable to shareholders for 2025, projecting a growth of 50% to 60% compared to the previous year, driven by robust investment business performance and improvements in its renewable energy sector [1][2]. Group 1 - The projected net profit attributable to shareholders for 2025 is estimated to be between 344,099 million and 367,039 million yuan [1]. - The net profit after deducting non-recurring gains is expected to be between 174,480 million and 197,420 million yuan, reflecting a growth of 20% to 35% year-on-year [1]. - The company is actively seizing opportunities in the capital market, leading to a substantial increase in investment business income [2]. Group 2 - The company plans to change the accounting method for its equity assets in Beijing Enterprises Holdings Limited and New Times Green Energy Co., Ltd. from trading financial assets to long-term equity investments, which is expected to generate one-time gains of approximately 2.29 billion yuan and 298 million yuan, contributing about 1.185 billion yuan and 134 million yuan to the net profit, respectively [2]. - A comprehensive review and impairment testing of various assets, including debt investments and receivables, is anticipated, with expected impairment provisions ranging from 1.6 billion to 1.8 billion yuan, which may reduce the net profit by approximately 850 million to 950 million yuan [2].