亚士创能(603378.SH)：2025年预亏8.3亿元至12.5亿元

Core Viewpoint - The company, Yashi Chuangneng (603378.SH), expects a significant net loss for the fiscal year 2025, with projections ranging from -1.25 billion to -0.83 billion yuan for net profit attributable to shareholders [1] Financial Performance - The anticipated net profit excluding non-recurring gains and losses for 2025 is projected to be between -1.29 billion and -0.86 billion yuan [1] - The primary reasons for the expected loss include a decline in operating revenue and a decrease in gross margin due to the ongoing weakness in the real estate and construction industries, along with a substantial drop in orders [1] Asset Impairment - The company has made provisions for asset impairments based on the principle of prudence, which includes fixed assets, construction in progress, and accounts receivable that show signs of impairment [1] - Additionally, the company plans to reverse previously recognized deferred tax assets [1]