首开股份发预亏，预计2025年度归母净亏损55亿元至69亿元

Core Viewpoint - The company, Shouka Co., Ltd. (stock code: 600376), is forecasting a significant net loss for 2025, estimated between 5.5 billion to 6.9 billion yuan, primarily due to low gross margins and high operational costs [1] Financial Performance - The projected net loss attributable to shareholders of the parent company for 2025 is between 5.5 billion to 6.9 billion yuan [1] - The expected net loss after deducting non-recurring gains and losses is estimated to be between 5.58 billion to 6.98 billion yuan [1] Operational Challenges - The main reasons for the negative net profit include low gross margins, substantial tax and additional expenses, and high period costs [1] - Certain real estate development projects are showing signs of impairment, leading to the need for inventory write-down provisions [1]