恒申新材：预计2025年归属于上市公司股东的净利润为-1.62亿元至-1.25亿元

Group 1 - The company expects a net profit attributable to shareholders for 2025 to be between -162 million yuan and -125 million yuan, compared to -70.238 million yuan in the same period last year [1] - The basic earnings per share are projected to be between -0.24 yuan and -0.18 yuan [1] - The main reasons for the performance change include a decline in downstream market demand, intensified industry competition, and a decrease in product prices, leading to a year-on-year decline in revenue and gross margin [1] Group 2 - The company's gross profit is insufficient to cover operating expenses due to the aforementioned factors, resulting in operational losses [1] - There has been an increase in asset impairment losses during the reporting period, further contributing to the company's losses [1] - The overall market environment has led to a downward adjustment in the valuation of bank equity and investment properties, affecting fair value and increasing the company's losses [1]