步步高(002251.SZ)：预计2025年净利润同比下降87.62%-91.75%

Core Viewpoint - The company Bubu Gao (002251.SZ) forecasts a significant decline in net profit for the fiscal year 2025, primarily due to a substantial reduction in non-recurring gains from restructuring compared to the previous year [1] Financial Performance - The net profit attributable to shareholders is expected to be between 100 million to 150 million yuan, representing a year-on-year decline of 87.62% to 91.75% [1] - The net profit after deducting non-recurring gains is projected to be a loss of 126 million to 189 million yuan, compared to a loss of 978 million yuan in the same period last year [1] - Basic earnings per share are estimated to be between 0.04 yuan and 0.06 yuan [1] Operational Strategy - The decline in net profit is mainly attributed to a significant non-recurring gain of 2.879 billion yuan recognized in the previous year due to restructuring, which is not expected to recur in the current period [1] - The company is focusing on deepening its operational strategy by optimizing store layouts and enhancing operational efficiency to improve store performance and profitability [1] - The net profit after excluding non-recurring gains shows a reduced loss compared to the previous year, indicating some operational improvements [1]