智通财经网·2026-01-21 12:28Core Viewpoint - The company, Jingcheng Co., Ltd. (600860.SH), has announced an expected net loss for the fiscal year 2025, projecting a loss of approximately RMB -46 million to -55.2 million, indicating a significant decline compared to the previous year [1] Financial Performance - The anticipated net profit for 2025 is projected to be between RMB -46 million and -55.2 million, marking a shift to a loss compared to the previous year's statutory disclosure [1] Reasons for Loss - The primary reason for the expected loss is the intensified international trade friction, which has severely impacted the company's gas storage and transportation segment, leading to significant downward pressure on export business and a decline in both sales volume and profit [1] - Emerging businesses such as hydrogen energy are still in the early stages of industry development, and although revenue from these segments has increased year-on-year, the overall market scale has not met expectations. The increasing market competition has resulted in profit levels falling short of projections [1] - To enhance core competitiveness, the company has continued to increase investments in new product research and development as well as supply chain layout, resulting in a rise in R&D expenses compared to the same period last year [1]