华纺股份(600448.SH)：2025年预亏2.3亿元至2.7亿元

Core Viewpoint - Huafang Co., Ltd. (600448.SH) is expected to report a significant net loss for the fiscal year 2025, with projected losses ranging from 230 million to 270 million yuan, indicating a downturn compared to the previous year [1] Financial Performance - The anticipated net profit attributable to the parent company, excluding non-recurring gains and losses, is projected to be between -228.7 million and -268.7 million yuan for 2025 [1] Reasons for Performance Decline - The primary reasons for the expected loss include: - Deterioration of the international trade environment, particularly the impact of tariff increases by certain countries, which has significantly affected the company's performance [1] - High inventory levels leading to a decrease in gross profit margin, necessitating impairment tests and the recognition of inventory write-downs [1] - Impact from national policies resulting in the shutdown of certain facilities at the company's self-owned power plant, leading to the recognition of fixed asset impairment provisions, with plans for a complete shutdown in the future [1]