Bauing Decoration(SZ:002047) Xin Lang Cai Jing·2026-01-27 08:40Core Viewpoint - *ST Baoying announced that it expects revenue of 720 to 890 million yuan in 2025, a year-on-year decrease; net profit is projected to be between 49 to 63 million yuan, compared to a loss of 742 million yuan in the same period last year, indicating a turnaround to profitability [1] Financial Performance - The significant change in performance is primarily due to the completion of a major asset sale by the end of 2024, which involved divesting underperforming assets [1] - The company anticipates non-recurring income of approximately 90 million yuan in 2025 [1] - However, due to market competition and other factors, the company still expects a loss of 29 to 43 million yuan in net profit after excluding non-recurring items, compared to a loss of 678 million yuan in the previous year [1] Regulatory Concerns - The company has been placed under delisting warning due to issues with relevant indicators in 2024, and if the 2025 annual report reveals similar circumstances, the stock may face the risk of termination of listing [1]