ZYSC(SH:600280) Ge Long Hui A P P·2026-01-23 10:26Core Viewpoint - Central Department Store (600280.SH) is expected to report a significant loss in its 2025 annual operating performance, with a net profit attributable to shareholders projected to be between -487.50 million and -325.00 million yuan [1] Financial Performance - The anticipated net profit after deducting non-recurring gains and losses for 2025 is expected to range from -390.00 million to -260.00 million yuan [1] Reasons for Performance Decline - The decline in performance is primarily attributed to several factors: - Weak consumer demand and intensified industry competition leading to a year-on-year decrease in the company's department store retail revenue [1] - Overall downturn in the real estate market resulting in impairment losses on real estate development inventory [1] - Strategic closure of stores at the subsidiary Xuzhou Central Department Store Co., Ltd., incurring losses from merchant contract terminations, non-transferable fixed asset net value losses, and breach of lease contract expenses [1] - Tax payment and late fees from self-inspection by the subsidiary Jiangsu Central New Asia Department Store Co., Ltd., contributing to reduced profits for the period [1]