起步股份有限公司2025年年度业绩预亏公告

Core Viewpoint - The company, Qibu Co., Ltd., has announced a projected net loss for the year 2025, indicating significant financial challenges ahead, which may lead to a risk warning for its stock due to potential delisting [2][12]. Group 1: Performance Forecast - The company expects a net profit attributable to shareholders for 2025 to be between -128 million yuan and -178 million yuan [2][4]. - The projected net profit, excluding non-recurring gains and losses, is estimated to be between -118 million yuan and -168 million yuan [2][4]. - The anticipated operating revenue for 2025 is expected to be between 150 million yuan and 200 million yuan, with the same range applicable after excluding unrelated business income [2][4]. Group 2: Previous Year Comparison - In 2024, the company reported a total profit of -116.69 million yuan and a net profit attributable to shareholders of -116.44 million yuan [6]. - The net profit, excluding non-recurring gains and losses for 2024, was -61.26 million yuan [6]. - The operating revenue for 2024 was 308.48 million yuan, with 301.64 million yuan after excluding unrelated business income [7]. Group 3: Reasons for Performance Decline - The company cites intense competition in the textile and apparel industry, deteriorating operating conditions for downstream distributors, and increased accounts receivable aging leading to credit impairment losses as primary reasons for the expected performance decline [8]. - Additionally, inventory buildup has resulted in the company making provisions for inventory write-downs [8]. Group 4: Risk of Delisting - The company may face a delisting risk warning if the audited financial results for 2025 show a net profit or total profit that is negative and operating revenue below 300 million yuan [12]. - The stock may be marked with a "*ST" designation following the disclosure of the 2025 annual report if these conditions are met [12]. - The company is required to issue at least two additional risk warning announcements before the 2025 annual report is disclosed [15].