广东冠豪高新技术股份有限公司关于拟关停控股子公司珠海红塔仁恒包装股份有限公司产线（BM1和BM2）的公告

Core Viewpoint - The company plans to shut down production lines BM1 and BM2 of its subsidiary, Zhuhai Hongta Renheng Packaging Co., Ltd., due to ongoing losses and to optimize resource allocation and production layout [2][3][6]. Group 1: Shutdown Announcement - The shutdown of the BM1 and BM2 production lines is a response to overcapacity, intensified competition, and aging equipment, which have led to continuous losses [4][6]. - The decision aims to reduce losses and align with national policies to eliminate inefficient capacity, thereby ensuring the interests of the company and its shareholders [4][6]. - The production and orders from the shut-down lines will be transferred to the BM3 and BM4 lines, which are expected to meet existing demand without significantly impacting revenue [3][6]. Group 2: Financial Impact - The shutdown may require impairment provisions for fixed assets and inventory, which is expected to affect the company's performance, with specific amounts to be determined in the audited financial report [3][7]. - The company anticipates a net loss for 2025, with projected losses ranging from 310 million to 155 million yuan, compared to a profit of 183.72 million yuan in the previous year [8][10]. - The decline in performance is attributed to increased industry competition, the need for asset impairment due to the shutdown, and a decrease in investment income [10][11]. Group 3: Company Background - Zhuhai Hongta Renheng Packaging Co., Ltd. was established in 1991 with a registered capital of 600 million yuan and is primarily engaged in paper manufacturing and sales [5][6]. - The BM1 and BM2 lines have a combined designed capacity of approximately 300,000 tons per year, accounting for 25% of the company's total capacity for 2025 [6].