先河环保(300137.SZ)：预计2025年净利润1200万元–1800万元 同比扭亏为盈

Core Viewpoint - The company Xianhe Environmental (300137.SZ) expects to achieve a net profit attributable to shareholders of 12 million to 18 million yuan in 2025, marking a turnaround from losses in the previous year, with a net profit excluding non-recurring gains and losses estimated at 1.65 million to 7.65 million yuan, also indicating a return to profitability [1] Financial Performance - The primary reason for the expected turnaround in net profit for 2025 is the recovery of receivables aged over three years, amounting to approximately 95 million yuan [1] - The company anticipates a decrease of about 10.3 million yuan in credit impairment losses compared to 2024 [1] - A goodwill impairment test will be conducted, with an expected provision of about 5 million yuan for the current year, significantly lower than the 74.41 million yuan provision in 2024 [1] Non-Recurring Gains - The impact of non-recurring gains and losses on the company's net profit for 2025 is estimated to be around 10.35 million yuan, primarily from debt restructuring gains [1]