XTAD(SH:600359) Ge Long Hui A P P·2026-01-26 08:12Core Viewpoint - The company Xin Nong Development (600359.SH) is expected to report a net loss for the fiscal year 2025, with projected losses ranging from 8.55 million to 5.70 million yuan, indicating a decline compared to the previous year [1] Financial Performance - The anticipated net profit attributable to the parent company for 2025 is projected to be between -8.55 million and -5.70 million yuan [1] - The expected net profit after deducting non-recurring gains and losses is estimated to be between -13.35 million and -8.90 million yuan [1] Business Challenges - The core business segments, including cotton products and licorice products, are facing intensified market competition, leading to a year-on-year decrease in sales volume [1] - To adapt to the competitive environment, the company has adopted a strategy of lowering sales prices, which has resulted in a decline in product gross margins [1] - The domestic beef cattle prices have decreased, and competition in the licorice product market has intensified, leading to a reduction in the net realizable value of inventory, prompting the company to conduct impairment testing on related inventories [1]