*ST美谷：预计2025年全年净亏损3.90亿元—5.50亿元

Core Viewpoint - *ST Meigu's annual performance forecast indicates significant expected losses for 2025, with net profit attributable to shareholders projected to be between a loss of 3.90 billion to 5.50 billion yuan, and adjusted net profit expected to be between a loss of 5.50 billion to 7.80 billion yuan [1] Group 1: Financial Performance - The company anticipates total operating revenue for 2025 to be approximately 8.5 to 10.5 billion yuan, with net profit losses projected between 5.5 billion to 3.9 billion yuan [1] - The company expects to achieve a positive net asset value by the end of the reporting period, significantly improving its financial position [1] Group 2: Restructuring and Debt Management - The company has successfully completed its restructuring plan as per the civil ruling from the Intermediate People's Court of Xiangyang, which has led to the termination of the restructuring process [1] - The restructuring involved introducing investors and adjusting equity, which effectively alleviated the company's debt crisis and improved its asset-liability structure [1] Group 3: Business Challenges - The medical beauty business is facing increasing competition and difficulties in customer acquisition, resulting in a year-on-year decrease in revenue and profits [1] - The company has made provisions for asset impairment related to its medical beauty business and the biobased fiber business, which has not shown effective operational improvement [1]