新农开发：预计2025年度净利润为-855万元到-570万元

Group 1 - The company Xin Nong Development expects a net loss attributable to shareholders of the parent company for the fiscal year 2025, ranging from -8.55 million to -5.7 million yuan, indicating a decline compared to the same period last year [1] - The primary reason for the performance change is intensified market competition affecting core business segments such as cotton and licorice products, 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] Group 2 - The company is facing challenges due to falling domestic beef prices and increased competition in the licorice product market, which has led to a decrease in the net realizable value of inventories such as beef cattle and licorice extract [1] - As a result, the company has conducted impairment testing on related inventories in accordance with accounting standards and has recognized inventory write-down provisions [1]