Bauing Decoration(SZ:002047) Sou Hu Cai Jing·2026-01-27 10:28Core Viewpoint - *ST Baoying is expected to achieve earnings per share of 0.03 to 0.04 yuan for the full year of 2025, indicating a turnaround from previous losses due to significant asset disposals and anticipated non-recurring gains [1][2]. Group 1: Performance Forecast - The company anticipates a net profit attributable to shareholders for 2025, reversing previous losses, primarily due to the completion of a major asset sale in December 2024, which improved operational conditions [2]. - Expected non-recurring income of approximately 90 million yuan in 2025 will significantly contribute to the turnaround in net profit [2]. - The company projects total equity attributable to shareholders to be between 41 million and 55 million yuan by the end of 2025, driven by the expected profit turnaround [2]. Group 2: Financial Results - For the first three quarters of 2025, the company reported a main operating revenue of 515 million yuan, a year-on-year decrease of 65.79%, with a net loss attributable to shareholders of 33.75 million yuan, an increase in loss of 92.21% year-on-year [3]. - In Q3 2025, the company recorded a single-quarter main operating revenue of 203 million yuan, down 30.0% year-on-year, and a net loss attributable to shareholders of 9.99 million yuan, a reduction in loss of 95.24% year-on-year [3]. - The company’s debt ratio stands at 102.68%, with financial expenses amounting to 14.26 million yuan and a gross margin of 9.32% [3].