Baiyin Nonferrous(SH:601212) Ge Long Hui A P P·2026-01-23 09:55Core Viewpoint - Company expects a net profit attributable to shareholders of the parent company to be between -450 million to -675 million yuan for the year 2025, indicating a loss compared to the previous year [1] Financial Performance - The company anticipates an increase in the market prices of non-ferrous and precious metal products year-on-year for 2025, along with a rise in the production volume of its main products [1] - Despite the expected increase in gross margin year-on-year due to enhanced internal management and cost reduction measures, the company is facing significant financial challenges [1] Legal Issues - The company is involved in a warehouse contract dispute with Shanghai Honglu International Trade Co., Ltd. and Nanchu Storage Management Group Co., Ltd., leading to an estimated liability provision of approximately 314 million yuan for the first half of 2025 [1] Market Impact - The company has reported an increase in losses due to fluctuations in market prices affecting embedded derivative financial instruments, which has negatively impacted its performance [1]