ST复华(600624.SH)：2025年预亏1.8亿元到2.7亿元

Core Viewpoint - ST Fuhua (600624.SH) expects a significant increase in losses for the fiscal year 2025, projecting a net profit attributable to shareholders of between -180 million to -270 million yuan, indicating a worsening financial outlook compared to the previous year [1] Financial Performance - The company anticipates a net profit attributable to shareholders, excluding non-recurring gains and losses, to be between -175 million to -263 million yuan for 2025 [1] - The expected negative net profit is attributed to multiple factors, including macroeconomic conditions, fluctuations in the real estate industry cycle, and changes in regional market supply and demand dynamics [1] Asset Impairment - The company has identified signs of impairment in its real estate projects, leading to preliminary impairment testing of inventories according to accounting standards [1] - Based on the principle of prudence, the company plans to recognize asset impairment losses for certain real estate projects that show signs of impairment, which will significantly impact the company's profits for the year [1]