BHAS(SH:600960) 智通财经网·2026-01-30 12:05Core Viewpoint - Bohai Automobile (600960.SH) is expected to achieve a net profit attributable to shareholders of between 155 million and 188 million yuan for the year 2025, marking a turnaround from losses in the previous year [1] Financial Performance - The anticipated profit range for 2025 represents a significant improvement compared to the previous year's performance, indicating a successful recovery [1] - The primary reason for this turnaround is the exclusion of the German subsidiaries, Bohai International and BTAH, from the consolidated financial statements, which has led to the reversal of "excess losses" and the formation of investment income [1] Accounting Treatment - According to the regulatory guidance from the China Securities Regulatory Commission, the difference between the transfer price and the previously recognized excess losses can be recorded as investment income in the current consolidated profit statement upon the disposal of subsidiaries [1] - The term "excess losses" refers to the negative equity situation where the total equity of the owners is less than zero, indicating financial distress [1]