广西能源：预计2025年净亏损1.7亿-2.2亿元

Core Viewpoint - Guangxi Energy (600310) announced a projected net loss for the year 2025, estimating a loss between 170 million to 220 million yuan, which represents a significant decrease compared to the previous year [1][5]. Financial Performance Summary - The expected net profit attributable to the parent company for 2025 is projected to be between -170 million to -220 million yuan, a decrease of 232.99 million to 282.99 million yuan from the previous year, reflecting a year-on-year decline of 369.89% to 449.27% [1][5]. - The projected net profit attributable to the parent company, excluding non-recurring gains and losses, is estimated to be between -280 million to -340 million yuan [1]. Previous Year Performance - In the previous year, the total profit was 397.55 million yuan, with a net profit attributable to the parent company of 62.99 million yuan. The net profit, excluding non-recurring gains and losses, was -70.98 million yuan [4][10]. Reasons for Performance Decline - A significant reduction of over 40% in water inflow in the Hejiang and Guijiang river basins led to decreased electricity generation from hydropower plants in Hezhou and Wuzhou, resulting in reduced net profit from the hydropower segment [7][11]. - The decline in electricity prices in the Guangxi electricity trading market and increased costs from purchasing electricity due to reduced hydropower generation contributed to a decrease in net profit from the power supply segment [11]. - There was an increase in annual impairment provisions compared to the previous year [12].