SHCD(SH:603887) Ge Long Hui A P P·2026-01-30 13:03Core Viewpoint - Chengdi Xiangjiang (603887.SH) expects a reduction in net loss for the fiscal year 2025, projecting a net profit attributable to shareholders of the parent company between -46 million to -69 million yuan, compared to a loss of -344.84 million yuan in the previous year [1] Financial Performance - The anticipated net profit excluding non-recurring gains and losses for 2025 is projected to be between -39.2 million to -58.8 million yuan [1] Reasons for Performance - Credit impairment impact: The significant growth in the company's IDC business is expected to drive revenue and gross profit increases; however, the expansion of business scale has led to an increase in accounts receivable, resulting in higher credit impairment provisions [1] - Asset impairment impact: The decline in the original industry has led to an increase in the scale of related asset impairments [1] - Increased R&D expenses: To address intensified industry competition and improve gross profit margins, the company has increased R&D investments to enhance product competitiveness [1]