Sou Hu Cai Jing·2026-01-20 18:53Core Viewpoint - The company, Ningxia Yinglite Chemical Co., Ltd., is expected to report significant losses for the fiscal year 2025, primarily due to low prices of PVC and EPVC products and impairment provisions for fixed assets [1][4]. Trading Information Summary - On January 20, the company's stock closed at 10.05 yuan, down 0.79%, with a turnover rate of 3.12% and a trading volume of 94,400 shares, amounting to 93.95 million yuan [1]. - The net outflow of funds from major investors was 6.04 million yuan, while retail investors saw a net inflow of 8.18 million yuan [1][4]. Performance Disclosure Highlights - The company anticipates a total profit loss of 575 million yuan for 2025, with a net profit loss attributable to shareholders of 550 million yuan, representing a year-on-year decline of 12.59% and 9.44%, respectively [1]. - The net profit loss, excluding non-recurring gains and losses, is expected to be 578 million yuan, a decrease of 13.79% year-on-year [1]. - The operating revenue is projected to be 1.7096373 billion yuan, with a net operating revenue of 1.6744823 billion yuan after adjustments [1]. Company Announcement Summary - On January 16, the company held its 10th Board of Directors' second meeting, approving several proposals, including a financing plan for 2026 with a total indirect financing amount not exceeding 1.15 billion yuan [1]. - The company plans to engage in PVC futures hedging with a maximum position of 102,500 tons and a margin not exceeding 10.34 million yuan [1][4]. - The company expects to have a maximum daily balance of deposits with the State Energy Group Financial Co., Ltd. not exceeding 1.6 billion yuan, with interest income estimated at 200,000 yuan [2]. Related Transactions - The company plans to conduct financing leasing with Guoneng Financing Leasing Co., Ltd. for up to 350 million yuan and factoring business with Guoneng (Beijing) Commercial Factoring Co., Ltd. for up to 300 million yuan [2]. - The expected total amount of daily related transactions with subsidiaries of the State Energy Group for 2026 is 477.3252 million yuan, covering procurement, services, product sales, and training services [2]. Governance and Compliance - The company has established rules for the Chairman's special meetings to clarify decision-making mechanisms and responsibilities during the Board's recess [3]. - Independent directors have reviewed and approved the proposals for expected daily related transactions for 2026, affirming that the transactions are based on operational needs and adhere to market principles [3].