申华控股预计2025年净利润亏损1.1亿元至1.85亿元，汽车市场竞争压力进一步加大

Core Viewpoint - Shinhua Holdings (600653) anticipates a loss for the fiscal year 2025, projecting a net profit attributable to shareholders between -185 million and -110 million yuan, with a significant decline from the previous year's profit of 38.6 million yuan [1] Group 1: Financial Performance - The expected net profit excluding non-operating gains is projected to be between -195 million and -120 million yuan, compared to a loss of 132 million yuan in the same period last year [1] - For the first three quarters of 2025, the company reported total assets of 2.879 billion yuan, net assets of 731 million yuan, and operating revenue of 3.230 billion yuan, with a net loss of 89.1 million yuan attributable to shareholders [2] Group 2: Business Challenges - The primary reasons for the anticipated loss include intensified competition in the automotive market, macroeconomic factors, and significant adjustments in financial policies, leading to escalating price competition among brands [1] - As a BMW brand dealer, the company faces dual pressures from the market and manufacturers, prompting it to adopt strategies to stabilize market share and enhance service quality [1] Group 3: Non-Operating Gains - The company recorded approximately 9 million yuan in non-operating income for the current period, a decrease from the previous year due to the absence of one-time gains from asset transfers and repayments [2] Group 4: Strategic Initiatives - The company is focused on cleaning up unprofitable operations, reducing operational costs, and optimizing its balance sheet to alleviate business burdens [2] - Shinhua Holdings is actively seeking partnerships with promising industries and investing in stable, profitable targets aligned with the "14th Five-Year Plan" to facilitate transformation and growth [2] - The company is closely monitoring trends in the electric vehicle market and plans to leverage its existing BMW dealership network for future collaborations [3]