ST中装：预计2025年度净利润亏损29.8亿元~33.8亿元

Group 1 - The company ST Zhongzhuang expects a net loss attributable to shareholders of 2.98 billion to 3.38 billion yuan for the year 2025, with a basic loss per share of 1.68 to 1.90 yuan [1] - In the same period last year, the company reported a net loss of approximately 1.787 billion yuan, with a basic loss per share of 1.05 yuan [1] - The primary reason for the performance change is that the company is in a restructuring phase, which has damaged its creditworthiness and led to a decline in operating revenue due to an inability to undertake engineering projects [1] Group 2 - The company faces ongoing fixed operating expenses and continuous financial pressure, resulting in operating profit losses [1] - Significant credit impairment losses and asset impairment losses have been recognized for receivables, contract assets, and long-term equity investments, which have greatly impacted current profits [1] - On December 18, 2025, the Shenzhen Intermediate People's Court confirmed the completion of the company's restructuring plan, which involved debt repayment through a combination of cash, capital reserves, and trust beneficiary rights, leading to substantial non-recurring losses that will reduce current net profit [1]