雄塑科技(300599.SZ)：预计2025年净亏损7000万元—8200万元

Core Viewpoint - The company, Xiong Su Technology (300599.SZ), forecasts a net loss for the fiscal year 2025, although the loss is expected to be lower than the previous year, indicating some operational improvements despite ongoing challenges in the real estate market [1]. Financial Performance - The projected net loss attributable to shareholders is between 70 million and 82 million yuan, compared to a loss of 111 million yuan in the same period last year [1]. - The net profit after excluding non-recurring gains and losses is expected to be between 82 million and 97 million yuan, down from a loss of 123 million yuan in the previous year [1]. Operational Factors - The primary reason for the negative net profit is the continued downturn in the downstream real estate market, leading to a decline in plastic pipe sales [1]. - Despite the losses, the company has seen a year-on-year improvement in net profit due to several factors: 1. Decrease in product costs, resulting in an increase in gross profit margin and operating profit [1]. 2. Improved management of accounts receivable, leading to a reduction in credit impairment provisions compared to the previous year [1]. 3. A reduction in the average number of employees and ongoing cost-cutting measures, which have led to lower sales and management expenses year-on-year [1].