TUNA(SH:603177) Shang Hai Zheng Quan Bao·2026-01-29 20:40Core Viewpoint - Zhejiang Dechuang Environmental Technology Co., Ltd. is forecasting a significant decline in net profit for the year 2025, projecting a loss of approximately 28 million yuan, which represents a 222.46% decrease compared to the previous year [2][4]. Group 1: Performance Forecast - The company expects to achieve a net profit attributable to shareholders of approximately -28 million yuan for the fiscal year 2025, a decrease of 50.87 million yuan from the previous year [2][4]. - The projected net profit, excluding non-recurring gains and losses, is expected to be around -38 million yuan, reflecting a decrease of 44.12 million yuan, or 721.31%, compared to the previous year [2][4]. Group 2: Previous Year’s Performance - In the previous year, the total profit was 21.68 million yuan, with a net profit attributable to shareholders of 22.87 million yuan, and a net profit excluding non-recurring gains and losses of 6.12 million yuan [6]. Group 3: Reasons for Performance Decline - The absence of share-based payment reversal fees in the current reporting period, which amounted to 15.97 million yuan in 2024, is a contributing factor to the projected loss [7]. - The company has incurred significant foreign exchange losses due to the depreciation of the US dollar and Indian rupee against the Chinese yuan, impacting profits by approximately -16 million yuan [7]. - Investment losses from the associate company, Zhejiang Tianchuang Environmental Technology Co., Ltd., due to poor operational performance, are expected to affect profits by about -15 million yuan [7]. - An increase in accounts receivable due to business growth has led to higher provisions for bad debts, resulting in credit impairment losses impacting profits by approximately -18 million yuan [7].