SLSVC(SH:600123) Zheng Quan Shi Bao Wang·2026-01-26 09:00Core Viewpoint - Lanhua Ketech (600123) is expected to report a net loss attributable to shareholders of the parent company ranging from 440 million to 550 million yuan for the fiscal year 2025, marking a shift from profit to loss compared to the previous year [1] Group 1: Financial Performance - The primary reason for the expected loss in 2025 is the continuous decline in market prices for the company's main products, coal and chemical fertilizers, which has significantly reduced operating profits [1] - The company is undergoing capacity integration and upgrades at its wholly-owned subsidiary, Lanhua Coal Chemical Company, which requires impairment provisions for some outdated facilities [1] - The investment income has notably decreased due to the expiration of the operating period of the company's associate, Yamei Danning Energy Company, which will cease operations in mid-May [1]