新农开发：预计2025年净亏损570万元—855万元

Core Viewpoint - The company, Xinong Development, has announced a projected net loss for 2025, indicating a significant decline in profitability compared to the previous year [1] Financial Performance - The company expects to report a net profit attributable to shareholders ranging from -8.55 million to -5.70 million yuan for 2025, marking a shift to a loss compared to the same period last year [1] Business Segments - Core business segments, including cotton products and licorice products, have experienced a decrease in sales volume year-on-year due to intensified market competition [1] - In response to the competitive environment, the company has adopted a strategy of lowering sales prices, which has led to a decline in product gross margins [1] Inventory and Valuation - The company has faced a decline in the realizable net value of its inventory, including beef cattle and licorice extract, due to falling domestic beef prices and increased competition in the licorice market [1] - As a result, the company has conducted impairment testing on relevant inventories in accordance with accounting standards and has recognized inventory write-downs [1]