瑞茂通：2025年度预亏17亿元至25亿元

Core Viewpoint - 瑞茂通 (600180.SH) is expected to report a significant net loss for the fiscal year 2025, with estimates ranging from -1.7 billion to -2.5 billion yuan, indicating a downturn compared to the previous year [1] Financial Performance - The projected net profit attributable to the parent company for 2025 is estimated to be between -1.69 billion and -2.49 billion yuan, excluding non-recurring gains and losses [1] - The anticipated loss represents a substantial decline from the previous year's financial performance [1] Reasons for Performance Decline - The primary reason for the expected loss is the impact of litigation involving some clients, leading the company to prudently recognize significant credit impairment losses on receivables [1] - Additionally, potential large losses from certain joint ventures are expected to adversely affect the company's investment income, which will be accounted for using the equity method [1]