清水源：预计2025年归母净利润亏损3500万元至5000万元

Core Viewpoint - The company, Qing Shui Yuan, forecasts a net profit loss of 35 million to 50 million yuan for 2025, an improvement from the previous year's loss of 58.61 million yuan [1] Financial Performance - The expected net profit loss for 2025 is between 35 million and 50 million yuan, compared to a loss of 58.61 million yuan in the same period last year [1] - The forecasted non-recurring net profit loss is projected to be between 38 million and 53 million yuan, compared to a loss of 19.15 million yuan in the previous year [1] Reasons for Performance Change - The increase in the balance and aging of accounts receivable for municipal sewage treatment fees has led to a higher provision for credit impairment losses compared to the previous period [1] - A slight decline in sales and prices of water treatment agents and derivatives, along with a minor decrease in product gross profit, are the main reasons for the change in non-recurring net profit [1] Non-Recurring Gains - Non-recurring gains are expected to impact the net profit by approximately 2.8 million to 3.8 million yuan, primarily due to compensation payments and government subsidies recognized in the current period [1]