兴源环境(300266.SZ)：预计2025年亏损2.1亿元–2.4亿元

Core Viewpoint - The company, Xingyuan Environment (300266.SZ), expects a loss of 210 million to 240 million yuan for 2025, with a non-recurring loss projected between 340 million to 370 million yuan [1] Financial Performance Summary - The company reported a reduction in losses compared to the same period last year due to several factors: 1. Significant income from real estate demolition [1] 2. Debt restructuring gains achieved through debt settlement [1] 3. Decrease in average borrowing rates leading to reduced financial expenses compared to the previous year [1] - The main reasons for the company's losses during the reporting period include: 1. High balance of interest-bearing liabilities resulting in elevated annual financial expenses [1] 2. Underperformance in the collection of certain receivables, leading to substantial expected credit loss provisions [1]