Core Viewpoint - Huabao International (00336) reported that its subsidiary, Huabao Flavors & Fragrances Co., Ltd. (300741.SZ), is expected to achieve a net profit of 65-95 million for the fiscal year ending December 31, 2025, a significant recovery from a loss of approximately 296 million in the previous year [1] Financial Performance - The net profit attributable to Huabao Flavors' shareholders is projected to be between 65 million and 95 million, compared to a loss of about 296 million in the same period last year [1] - The net profit after deducting non-recurring gains and losses is also expected to be between 65 million and 95 million, with a prior year loss of approximately 386 million [1] Operational Insights - During the reporting period, Huabao Flavors successfully turned a profit, reversing previous losses [1] - The losses in 2024 were primarily due to goodwill impairment losses related to the edible flavor and tobacco flavor asset group [1] - For 2025, the overall operational situation of Huabao Flavors is expected to remain stable, with orderly development of its main business and continuous optimization of internal management [1] - Management's preliminary assessment indicates that there is no significant risk of further impairment of goodwill as of December 31, 2025 [1]