SCMC(SH:600984) Ge Long Hui·2026-01-23 09:39Core Viewpoint - The company, Construction Machinery (600984.SH), is expected to report a significant net loss of approximately 2.072 billion yuan for the fiscal year 2025, indicating ongoing challenges in the domestic tower crane rental market [1] Company Summary - The projected net profit attributable to shareholders for 2025 is estimated at -2.072 billion yuan, with a net profit of -2.082 billion yuan after excluding non-recurring gains and losses [1] - The company has conducted an asset impairment test, revealing substantial impairments in its construction machinery rental business assets, including goodwill and properties acquired through debt settlement [1] Industry Summary - The domestic tower crane rental market is expected to continue facing insufficient downstream demand in 2025, driven by a decrease in the new construction area of engineering projects and low project commencement rates [1] - As a result of these factors, the utilization rates of tower crane rental equipment and rental prices are anticipated to remain at low levels [1]