瑞和股份：2025年预计净亏损6500万 - 1.25亿元，或被“*ST”

Core Viewpoint - The company expects a significant improvement in net profit for 2025 compared to the previous year, but still anticipates a loss, indicating ongoing challenges in the decorative industry due to external factors like the real estate downturn and bankruptcy pre-restructuring [1] Financial Performance - The projected net profit attributable to shareholders for 2025 is expected to be between -125 million yuan and -65 million yuan, compared to -186 million yuan in the same period last year [1] - The non-recurring net profit is forecasted to be between -149 million yuan and -88.7751 million yuan, an improvement from -255 million yuan year-on-year [1] - The basic earnings per share are estimated to be between -0.33 yuan and -0.17 yuan [1] Equity Position - The expected equity attributable to the parent company at the end of 2025 is projected to be between -82 million yuan and -42 million yuan, a decline from 40.6239 million yuan at the end of the previous year [1] Industry Challenges - The primary reason for the performance changes is the decline in revenue from the decorative main business, influenced by the downturn in the real estate market and the impact of bankruptcy pre-restructuring [1] - If the audited net assets are negative by the end of 2025, the company's stock will be subject to delisting risk warnings [1]