合肥城建2025年预亏4.3亿至5.5亿元，同比增逾7倍

Core Viewpoint - Hefei Urban Construction Development Co., Ltd. (referred to as "Hefei Urban Construction") expects a significant increase in losses for the fiscal year 2025, projecting a net profit loss between 430 million to 550 million yuan, compared to a loss of 56.57 million yuan in the previous year [1] Financial Performance Summary - For 2025, Hefei Urban Construction anticipates revenue between 980 million to 1,030 million yuan, an increase from 769.59 million yuan in the previous year [1] - The net profit attributable to shareholders is projected to be a loss of 430 million to 550 million yuan, compared to a loss of 56.57 million yuan in the previous year [1] - The net profit after deducting non-recurring gains and losses is expected to be a loss of 460 million to 580 million yuan, compared to a loss of 98.82 million yuan in the previous year [1] Reasons for Performance Changes - The company cited significant inventory impairment provisions and operational losses from its joint venture in the Hefei Overseas Chinese Town Airport Town project, impacting profits by approximately 270 million yuan [2] - Due to industry trends and market changes, the company has prudently made inventory impairment provisions, leading to longer sales cycles and declining sales prices, which contributed to a decrease in gross profit margins for delivered projects [2] - An increase in completed projects has led to a significant rise in revenue, but this was accompanied by higher taxes and sales expenses, as well as increased financial costs due to reduced capitalization of interest on qualifying projects [2]