BHAS(SH:600960) Ge Long Hui·2026-01-30 09:19Core Viewpoint - Bohai Automobile (600960.SH) expects a net profit attributable to shareholders of 155 million to 188 million yuan for the year 2025, while the net profit after deducting non-recurring gains and losses is projected to be between -105 million and -88 million yuan [1] Group 1: Financial Projections - The company anticipates a net profit of 155 million to 188 million yuan for 2025, primarily due to the exclusion of its German subsidiaries Bohai International and BTAH from the consolidated financial statements, resulting in a reversal of "excess losses" that will form investment income [1] - The expected net profit after deducting non-recurring gains and losses for 2025 is projected to be between -105 million and -88 million yuan [1] Group 2: Factors Influencing Financial Performance - The loss is influenced by three main factors: 1. The subsidiary Binzhou Lightweight incurred losses due to increased depreciation from new equipment and provisions for bad debts [1] 2. The subsidiary Tai'an Qicheng continues to face challenges from US-China trade tensions and weak market demand, leading to reduced orders and declining revenue [1] 3. The company has incurred increased intermediary fees due to a significant asset restructuring project during the reporting period [1]