山东海化(000822.SZ)：预计2025年净亏损12.6亿元-15亿元

Core Viewpoint - Shandong Haihua (000822.SZ) expects a significant net loss for 2025, projecting a loss of between 1.5 billion to 1.26 billion yuan, compared to a profit of 39.2167 million yuan in the same period last year [1] Group 1: Financial Performance - The company anticipates a net profit attributable to shareholders of between -1.5 billion to -1.26 billion yuan for 2025 [1] - The net profit after deducting non-recurring gains and losses is projected to be between -1.59 billion to -1.35 billion yuan [1] - In the previous year, the net profit was 39.2167 million yuan [1] Group 2: Industry Context - The expected losses are attributed to industry capacity expansion and a decline in downstream demand [1] - The company's main product, soda ash, is experiencing an oversupply situation, leading to a significant decrease in selling prices compared to the same period last year [1]