Der(SZ:002631) Ge Long Hui A P P·2026-01-29 09:17Company Overview - Del Future (002631.SZ) expects a loss of 160 million to 240 million yuan in 2025, representing a decrease of 78.73% to 168.09% compared to the same period last year [1] - The expected non-recurring loss is projected to be between 161.4 million and 242.1 million yuan [1] Industry Context - The domestic real estate market is expected to continue its adjustment trend in 2025, leading to persistent insufficient demand in the downstream decoration and home furnishing industry [1] - There is a notable oversupply in the market, exacerbating competition within the industry [1] Financial Performance - The company's main product sales and prices have declined compared to the previous year, impacting core sales channels (distribution and engineering business channels) [1] - As a result, production capacity utilization remains low, and fixed costs have not been effectively allocated [1] - Overall, the company's operating revenue is expected to decline by approximately 23% year-on-year, with a nearly 5% decrease in overall gross margin [1]