重庆四方新材股份有限公司 2025年年度业绩预告

Core Viewpoint - Chongqing Sifang New Materials Co., Ltd. expects a significant increase in losses for the fiscal year 2025, projecting a net loss of approximately 300 million yuan, compared to a loss of 164.12 million yuan in the previous year [2][5]. Group 1: Performance Forecast - The company anticipates a net profit attributable to shareholders of approximately -300 million yuan for the year 2025, indicating an increase in losses compared to the previous year [4]. - Estimated operating revenue for 2025 is around 1 billion yuan, with a net profit attributable to shareholders, excluding non-recurring gains and losses, projected at -320 million yuan [2][4]. Group 2: Previous Year Performance - In the previous year, the net profit attributable to shareholders was -164.12 million yuan, and the net profit after deducting non-recurring gains and losses was -176.42 million yuan [5]. Group 3: Reasons for Expected Losses - The primary reason for the expected losses is the continued downturn in the market, particularly in the real estate sector in Chongqing, which has seen a 29.4% decline in new construction area, leading to reduced demand for ready-mixed concrete [7]. - The decline in sales prices of ready-mixed concrete has not been matched by a corresponding decrease in raw material costs, resulting in lower gross margins [7]. - The company is also facing a reversal of deferred tax assets due to insufficient taxable income, negatively impacting net profit [8]. - Impairment losses on assets have been recognized due to underperformance of acquired subsidiaries and indications of impairment on goodwill and fixed assets [9]. - Credit impairment losses have been recorded due to difficulties in collecting receivables, exacerbated by liquidity issues among downstream enterprises [10][11].