Ge Long Hui·2026-01-23 22:25Core Viewpoint - China Metallurgical Group Corporation (601618.SH) expects a significant decline in net profit for 2025, projecting a decrease of 76.28% to 80.73% compared to the previous year, primarily due to losses in the real estate sector and substantial asset impairment provisions [1] Financial Projections - The company anticipates a net profit attributable to shareholders of between 1.3 billion to 1.6 billion yuan for 2025, a reduction of 51.46 billion to 54.46 billion yuan year-on-year [1] - The expected net profit after deducting non-recurring gains and losses is projected to be between 400 million to 600 million yuan, reflecting a decrease of 88.24% to 92.16% compared to the previous year [1] Operational Challenges - The decline in operating performance is attributed to losses in the real estate business for 2025, alongside expected impairment provisions exceeding 26 billion yuan for various assets, including inventory, fixed assets, and investment properties [1] - Revenue has also been impacted by the downturn in the construction industry [1] Future Outlook - In 2026, the company aims to gradually overcome the losses from the real estate sector as asset disposal efforts are completed [1] - The company plans to align with the "14th Five-Year Plan" and adjust its business structure, focusing on a diversified business system characterized by "one core, two main bodies, and five features" [1] - There is an emphasis on top-level design for technology industry projects, promoting deep integration of technological and industrial innovation to explore new avenues and create new growth engines for high-quality development [1]