西部牧业(300106.SZ)：预计2025年净亏损4300万元-5600万元

Core Viewpoint - Western Dairy (300106.SZ) expects a net profit attributable to shareholders of the listed company to be between -56 million and -43 million yuan for 2025, with a net profit excluding non-recurring gains and losses projected to be between -79 million and -66 million yuan [1] Group 1 - During the reporting period, local dairy farming enterprises optimized and adjusted their herd structure, appropriately eliminating aging and low-yield dairy cows, which led to a decrease in the company's feed sales revenue and profit [1] - The company made provisions for bad debts on receivables in accordance with relevant regulations and prudence principles, and also made provisions for impairment on certain inventories and idle assets during the reporting period [1] - The amount of non-recurring gains and losses for the company during the reporting period was approximately 23 million yuan, mainly from government subsidies received [1]