Shang Hai Zheng Quan Bao·2026-01-29 19:18Core Viewpoint - Shanghai Bailian Group Co., Ltd. expects a significant decline in net profit for the year 2025, projecting a decrease of approximately 50% or more compared to the previous year [2][4]. Group 1: Performance Forecast - The company anticipates a net profit attributable to shareholders of the parent company between 526 million yuan and 790 million yuan for 2025, representing a decrease of 777.44 million yuan to 1.041 billion yuan compared to the previous year, which is a year-on-year decline of approximately 49.60% to 66.44% [2][4]. - The expected net profit, excluding non-recurring gains and losses, is projected to be between 85 million yuan and 127.5 million yuan, with a potential decrease of 26.06 million yuan to an increase of 16.44 million yuan compared to the previous year, indicating a year-on-year change of approximately -23.46% to +14.80% [2][4]. Group 2: Previous Year’s Performance - In the previous year, the total profit was 2.260 billion yuan, with a net profit attributable to shareholders of the parent company amounting to 1.567 billion yuan. The net profit, excluding non-recurring gains and losses, was 111.06 million yuan [5]. Group 3: Reasons for Profit Decline - The primary reason for the anticipated decline in net profit for 2025 is attributed to the investment income from the issuance of Huazhong Bailian Consumption REIT in the previous year [7].