罗平锌电：2025年全年净利润同比预减109.24%—147.29%

Core Viewpoint - The company, Luoping Zinc & Electric, has announced an annual performance forecast indicating a significant expected net loss for 2025, with a projected net profit attributable to shareholders ranging from -165 million to -195 million yuan, representing a year-on-year decrease of 109.24% to 147.29% [1] Group 1: Financial Performance - The expected net profit attributable to shareholders for 2025 is projected to be between -165 million and -195 million yuan [1] - The net profit excluding non-recurring gains and losses is anticipated to be between -165 million and -135 million yuan [1] Group 2: Operational Challenges - The prolonged suspension of the mining license for the Jinfo Lead-Zinc Mine has significantly reduced the self-produced zinc concentrate output compared to the previous year, leading to an increased reliance on purchased raw materials [1] - The overall tight supply of zinc concentrate in the market during 2025 has resulted in a rise in procurement prices, which has adversely affected the gross profit margin of zinc products [1] - The increase in losses due to the settlement of imported raw material prices has further impacted financial performance [1] Group 3: Investment and Subsidiary Issues - Losses from joint ventures have led to a year-on-year decrease in recognized investment income [1] - The company has incurred tax payments from its subsidiary, Xiangrong Mining, and faced penalties for over-extraction from three subsidiaries (Xiangrong Mining, Derong Mining, and Hongtai Mining), which have further reduced the net profit for the period [1]