SHCD(SH:603887) Ge Long Hui·2026-01-30 12:43Core Viewpoint - Chengdi Xiangjiang (603887.SH) is expected to report a net loss attributable to shareholders of the parent company ranging from -46 million to -69 million yuan for the year 2025, which represents a reduction in losses compared to the previous year's loss of -344.84 million yuan [1] Financial Performance - The projected net profit excluding non-recurring gains and losses for 2025 is estimated to be between -39.2 million and -58.8 million yuan [1] - The company anticipates a significant growth in its IDC business, which is expected to drive revenue and gross profit increases [1] Factors Influencing Performance - Credit impairment is expected to impact the financial results due to an increase in accounts receivable alongside business expansion, leading to higher provisions for credit impairment [1] - Asset impairment is also anticipated to rise due to the downturn in the original industry, resulting in increased asset impairment losses [1] - Increased R&D expenses are projected as the company aims to enhance its competitive advantage and improve profit margins in response to intensified industry competition [1]