Polyrocks(SH:688669) Ge Long Hui A P P·2026-01-29 09:57Core Viewpoint - The company, 聚石化学, is expected to report a negative net profit attributable to shareholders of the parent company for the year 2025, ranging from -1.2 billion to -900 million yuan, with a net profit excluding non-recurring gains and losses projected between -1.55 billion and -1.25 billion yuan [1] Group 1: Performance Changes - The main reasons for the performance changes include the divestment of 冠臻科技, which resulted in receiving some performance compensation and the merger or cancellation of underperforming subsidiaries, thereby reducing operational costs and losses [2] - The modified plastics business is expected to see slight growth in revenue and gross profit in 2025, driven by lower raw material prices in optical display materials, improved capacity and yield, and successful development of the self-owned brand in Nigeria's hygiene products market [2] - The liquefied petroleum gas business is anticipated to experience a significant decline in revenue and increased losses due to fluctuations in international crude oil prices, leading to short-term supply-demand imbalances and price volatility [2] - The fine chemicals business is projected to see revenue growth due to increased demand for polyphosphate, although profits may decrease due to higher fixed costs during the ramp-up phase of the new halogen-free flame retardant production project [2]