Redwall(SZ:002809) Xin Lang Cai Jing·2026-01-28 10:33Core Viewpoint - Hongqiang Co., Ltd. (002809.SZ) expects a loss of 32 million to 48 million yuan in 2025, with a non-recurring loss projected between 45 million and 60 million yuan due to the impact of the downstream construction industry on its concrete additive business [1] Group 1: Financial Performance - The company anticipates a significant loss in 2025, with estimates ranging from 32 million to 48 million yuan [1] - Non-recurring losses are expected to be between 45 million and 60 million yuan [1] Group 2: Business Operations - The concrete additive business is adversely affected by the conditions in the downstream construction industry, leading to a decline in the gross profit margin of additive products compared to the previous year [1] - The company plans to enhance capacity utilization to improve overall profitability as it ramps up production of its fine chemical project, which includes an annual production capacity of 320,000 tons of ethylene oxide and propylene oxide derivatives, set to officially commence in mid-2025 [1]