Wencan(SH:603348) Xin Lang Cai Jing·2026-01-30 21:52Core Viewpoint - The company, Wencan Group Co., Ltd., anticipates a significant loss for the fiscal year 2025, with projected net profits ranging from -290 million to -400 million yuan, indicating a downturn compared to the previous year [2][3]. Financial Performance Forecast - The expected net profit attributable to the parent company for 2025 is projected to be between -290 million and -400 million yuan, marking a loss compared to the previous year's profit of 115.07 million yuan [2][6]. - The forecasted net profit after deducting non-recurring gains and losses is estimated to be between -250 million and -360 million yuan [4]. Previous Year’s Performance - In 2024, the total profit was 146.42 million yuan, with a net profit attributable to the parent company of 115.07 million yuan, and a net profit of 98.22 million yuan after deducting non-recurring gains and losses [6]. Reasons for Expected Loss - The company cites several factors contributing to the anticipated loss for 2025, including: 1. Increased costs and revenue decline at its subsidiary, Bailian Group, due to external economic conditions and product restructuring, leading to significant losses [8]. 2. Asset impairment tests are being conducted due to underperformance and ongoing losses at certain subsidiaries, which will impact net profit [8][9]. 3. A fire incident at its wholly-owned subsidiary, Tianjin Xiongbang Die Casting Co., Ltd., has caused damage to facilities and inventory, further affecting the financial outlook [9]. 4. A review of deferred tax assets is expected to result in a reduction, impacting the net profit for 2025 [9]. Future Outlook - The company plans to focus on its core business in 2026, aiming to improve production efficiency, product quality, and cost control, while also enhancing research and development to drive product upgrades and market leadership [9].