闽发铝业：2025年全年净利润同比预减220.34%—258.85%

Core Viewpoint - Minfa Aluminum Industry forecasts a significant decline in net profit for 2025, with expected losses ranging from 25 million to 33 million yuan, representing a year-on-year decrease of 220.34% to 258.85% [1] Group 1: Financial Performance - The company anticipates a net profit attributable to shareholders of the listed company to be between -33 million and -25 million yuan for 2025 [1] - The expected net profit after deducting non-recurring gains and losses is projected to be between -39 million and -31 million yuan, indicating a year-on-year reduction of 467.53% to 562.38% [1] Group 2: Reasons for Decline - Continued pressure on downstream demand is noted, with industry recovery falling short of expectations, leading to reduced new orders and extended payment terms, which in turn results in a decline in operating revenue [1] - Increased market competition is highlighted, with oversupply in the product market leading to intensified price competition and downward pressure on overall gross margins [1] - The company has increased provisions for asset impairment, driven by changes in customer credit status and evaluations of the effectiveness of certain long-term assets, resulting in higher credit impairment losses and asset impairment losses compared to the previous year [1]