Core Viewpoint - Jingcheng Machinery Electric Company (00187) is expected to report significant losses for the fiscal year 2025, with projected net losses ranging from RMB 46 million to RMB 55.2 million, indicating a downturn compared to the previous year [1] Financial Performance - The company anticipates a net profit loss attributable to shareholders of the parent company, excluding non-recurring gains and losses, between RMB 74.6 million and RMB 89.5 million for the fiscal year 2025 [1] Reasons for Losses - The primary reason for the anticipated losses is the intensified international trade friction, which has severely impacted the export business of the gas storage and transportation segment, leading to a decline in both sales and profits [1] - Emerging businesses such as hydrogen energy are still in the early stages of industry development, and although revenue from these segments has increased year-on-year, the overall market scale has not met expectations, resulting in lower-than-expected profit levels due to increasing market competition [1] - To enhance core competitiveness, the company has increased investments in new product research and development and supply chain layout, resulting in higher R&D expenses compared to the same period last year [1]
京城机电股份跌超4% 预计25年度归母净亏损至多约5520万元 气体储运出口业务承压明显