和展能源(000809.SZ)：预计2025年亏损5500万元～7500万元

Core Viewpoint - Hezhang Energy (000809.SZ) is expected to report a loss of 55 million to 75 million yuan in 2025, with a non-recurring loss of 65 million to 85 million yuan, and operating revenue projected between 340 million to 380 million yuan [1] Group 1: Financial Projections - The company anticipates a loss in 2025 primarily due to its new energy projects still in the approval stage, with construction planned to start in 2026, resulting in no revenue generation [1] - Revenue from the mixed tower business is expected to decline compared to the previous year, compounded by intense market competition and reduced project gross margins [1] Group 2: Expected Improvement - The company forecasts a reduction in losses by 27% to 47% compared to the previous year, attributed to revenue and profit from acquired wind power projects and expansion into power engineering contracting [1] - A significant asset sale of a major subsidiary, Tieling Caijing Investment Co., Ltd., completed at the end of 2024, will reduce its ownership stake to 38.68%, thus decreasing the impact on overall profits in 2025 [1] - The company plans to achieve corresponding deposit and investment income through scientific and rational allocation of funds [1]