供销大集：预计2025年亏损13亿元-19亿元

Core Viewpoint - The company expects a loss of 1.9 billion to 1.3 billion yuan in 2025, compared to a loss of 1.32 billion yuan in the same period last year, indicating ongoing financial challenges [1] Group 1: Financial Performance - The company reported a non-recurring loss of 1.1 billion to 600 million yuan for the current reporting period [1] - Revenue remains stable, and operating expenses have decreased year-on-year, suggesting some operational improvements [1] Group 2: Business Operations - The company is focusing on the synergistic development of three main businesses: commercial operations, trade logistics, and commodity trading [1] - The commercial operations segment is enhancing overall rental rates through "model innovation and adjustment upgrades" [1] - The trade logistics segment is achieving breakthroughs in cost reduction and efficiency through targeted efforts [1] - The commodity trading segment is expanding its business layout in response to market demand [1] Group 3: Market Challenges - The company faces significant challenges due to the ongoing downturn in the commercial real estate market, leading to a decline in rental levels compared to previous years [1] - There has been a substantial decrease in the fair value of investment properties, resulting in increased losses compared to the previous period [1] - The company has increased asset impairment provisions for inventory, goodwill, and other long-term assets, contributing to its continued loss [1]