扣非净利“四连亏”！申华控股2025年预亏过亿元

Core Viewpoint - Shinhua Holdings (600653) expects a significant loss for the fiscal year 2025, projecting a loss between 1.1 billion to 1.85 billion yuan, with a net profit attributable to shareholders, excluding non-recurring gains and losses, expected to be a loss between 1.2 billion to 1.95 billion yuan [1] Group 1: Financial Performance - The primary reasons for the anticipated loss include intensified competition in the automotive market, significant adjustments in the macroeconomic environment and financial policies, leading to escalated price competition among brands [1] - The company has faced dual pressures from the market and the original equipment manufacturer (OEM) as a BMW dealer [1] - Non-operating income for the period is approximately 9 million yuan, a decrease compared to the same period last year, primarily due to the absence of previous gains from the transfer of Jinbei Technician College and repayments from Brilliance Group and Renault Jinbei [1] Group 2: Business Segments - Shinhua Holdings operates in four main business segments: automotive consumer services, new energy, real estate, and financial services [1] - The company has reported a continuous decline in net profit excluding non-recurring items for three consecutive years, with figures of -1.71 billion yuan, -2.44 billion yuan, and -1.32 billion yuan for the years 2022 to 2024 respectively [1] Group 3: Market Position - As of January 23, the stock price of Shinhua Holdings is 2.00 yuan per share, with a total market capitalization of 38.93 billion yuan [2]