鹏翎股份：预计2025年全年净亏损1.68亿元—2.28亿元

Core Viewpoint - Pengling Co., Ltd. is expected to report a significant net loss for the year 2025, primarily due to goodwill impairment and increased competition in its business operations [1] Financial Performance - The company forecasts a net profit attributable to shareholders of between -228 million yuan and -168 million yuan for 2025 [1] - The net profit after deducting non-recurring gains and losses is expected to be between -240 million yuan and -180 million yuan [1] Reasons for Performance Change - The company conducted a preliminary impairment test on goodwill assets due to intensified market competition, particularly affecting the Hebei New Euro project, leading to a decline in sales prices [1] - The estimated range for goodwill impairment is around 280 million yuan, contributing to the anticipated net loss for 2025 [1] - Non-recurring gains and losses for 2025 are projected to be approximately 12 million yuan, mainly from government subsidies [1] - Increased upfront investment in the thermal management project has also impacted financial performance [1]