Bauing Decoration(SZ:002047) Shang Hai Zheng Quan Bao·2026-01-27 18:45Core Viewpoint - The company, Shenzhen Baoying Construction Holding Group Co., Ltd., anticipates a turnaround in its financial performance for the year 2025, projecting a positive net profit after a significant asset sale in December 2024 [1][2]. Financial Performance Forecast - The company expects a net profit attributable to shareholders of between 49 million and 63 million RMB for 2025, indicating a recovery from previous losses [17]. - The projected operating revenue for 2025 is estimated to be between 720 million and 890 million RMB, reflecting a decrease compared to prior periods due to the impact of the asset sale [3][17]. - The anticipated non-recurring income for 2025 is approximately 90 million RMB, which is expected to significantly contribute to the net profit turnaround [2]. Asset Management and Strategic Focus - The company completed a major asset sale in December 2024, which has allowed it to divest underperforming assets and improve its operational outlook for 2025 [2][3]. - Future efforts will focus on consolidating resources into its subsidiary, Guangdong Baoying Construction Technology Co., Ltd., and investing in high-end optical coupling industries through Zhuhai Lanxing Technology Co., Ltd. [3]. Equity and Financial Health - By the end of 2025, the company expects its equity attributable to shareholders to be between 41 million and 55 million RMB, primarily due to the anticipated net profit turnaround [3][17]. - The company has communicated with its auditing firm regarding the financial data related to the performance forecast, and there are no discrepancies noted [1][2]. Non-Recurring Income Details - The company has reported non-recurring income from two significant transactions: - A 50.10% stake in Danhua Renewable (Zhuhai) New Energy Technology Co., Ltd. was sold, expected to impact the 2025 profit by approximately 30 million RMB [4]. - The sale of investment properties in Shenzhen for approximately 86.87 million RMB, anticipated to contribute around 60 million RMB to the 2025 profit [5].