尚纬股份预亏数千万，乐山富豪入主难救场

Core Viewpoint - The company, Shangwei Co., Ltd. (603333.SH), announced a significant expected net loss for the fiscal year 2025, projecting a loss of 40 million to 60 million yuan, a stark contrast to a profit of 16.34 million yuan in the same period of 2024, indicating a shift from profit to loss due to external economic factors and intensified industry competition [1][3]. Financial Performance - For the fiscal year 2025, the company anticipates a revenue of 1.4 billion yuan, representing an approximate 18% decline year-on-year [1]. - In the first three quarters of 2025, the company reported a revenue of 945 million yuan, a year-on-year decrease of 21.12%, and a net loss of 25.69 million yuan, marking a 235.22% decline compared to the previous year [3]. Asset Impairment - The company plans to recognize asset impairment provisions of approximately 2.8 million yuan for fixed assets and 4.2 million yuan for investment properties, with total impairments expected to reduce net profit by about 18.21 million yuan [1]. Industry Competition - The company faces increased risks from intensified market competition, which has been exacerbated by rising copper prices leading to cautious purchasing behavior among clients [1][4]. Management Changes - The company has undergone significant management changes, with the original controlling shareholders, the Li brothers, facing legal issues that have impacted company operations. The original controlling shareholder, Li Guangyuan, was sentenced to 11 years in prison, and his brother, Li Guangsheng, was sentenced to 3 years and 2 months for market manipulation [5][7]. - In May 2025, Fuhua Chemical replaced Li Guangsheng as the controlling shareholder, with Zhang Hua becoming the new actual controller [8]. Future Plans - Following the change in control, Fuhua Chemical has expressed intentions to expand into electronic chemicals and related businesses while maintaining the existing cable business [8]. - The company has announced plans for a private placement to raise up to 1.144 billion yuan for digital upgrades and capacity enhancement projects [8]. - Additionally, the company will invest 520 million yuan in Sichuan Zhongfu Taihua New Material Technology Co., Ltd., acquiring a 51% stake and entering the electronic chemicals sector [8][11].