海欣食品：预计2025年归母净利润为-5200万元至-3700万元

Core Viewpoint - Haixin Food expects a net profit attributable to shareholders of -52 million to -37 million yuan for the fiscal year 2025, representing a year-on-year decline of 0.15% to 40.76% [1] Group 1: Financial Performance - The anticipated decline in net profit is primarily due to the ramp-up phase of the production capacity at its subsidiary, Fujian Changheng Food Co., Ltd., which commenced operations in the second half of 2024 [1] - The sales performance of new product categories has not yet reached expected levels, contributing to the overall decline in revenue [1] Group 2: Operational Challenges - The company is continuously increasing investments in channel development and brand promotion, which adds to the fixed costs during this transitional period [1] - A prudent accounting approach led the company to conduct impairment testing on assets related to its wholly-owned subsidiary, Zhejiang Yujie Food Co., Ltd., resulting in the recognition of goodwill impairment provisions [1]