清新环境(002573.SZ)：预计2025年净亏损2.70亿元—4.40亿元

Core Viewpoint - Qingxin Environment (002573.SZ) forecasts a net loss attributable to shareholders of between 270 million and 440 million yuan for the fiscal year 2025, compared to a loss of 378 million yuan in the same period last year [1] Financial Performance - The net profit excluding non-recurring gains and losses is expected to be a loss of between 300 million and 470 million yuan, compared to a loss of 411 million yuan in the previous year [1] Reasons for Performance Change - The main reasons for the performance change include: 1. The environmental protection industry cycle and intensified market competition have compressed profit margins, leading to a decline in gross profit margin [1] 2. Changes in the aging of receivables have resulted in an increase in credit impairment losses [1] 3. The termination of the contract for the Ampara D project in Uttar Pradesh, India, due to unilateral actions by the owner and local policy changes, has led to increased guarantee payments and asset impairment losses [1]