冠中生态：预计2025年全年净亏损4300万元—5800万元

Core Viewpoint - The company expects a net loss for the year 2025, with projected net profit attributable to shareholders ranging from -43 million to -58 million yuan, and a net profit excluding non-recurring losses estimated between -50 million and -65 million yuan [1] Group 1: Revenue Impact - The decline in net profit is primarily attributed to a decrease in new orders due to cyclical fluctuations in the industry and changes in market supply and demand, along with reduced government investment [1] - The company is adjusting its business order structure and strategic layout, leading to a decrease in new signed orders for the main business in 2025 [1] - A significant portion of the existing orders is from land remediation projects, which have slower implementation progress, resulting in lower-than-expected revenue contribution for 2025 [1] Group 2: Financial Expenses - The company anticipates financial expenses of approximately 19.55 million yuan for 2025, mainly due to the accrual of financial interest expenses related to newly issued bonds, estimated at about 19.81 million yuan [1] Group 3: Asset Impairment - The company expects to recognize credit impairment losses and asset impairment losses on accounts receivable and contract assets, estimated between 18 million and 25 million yuan for 2025 [1]