瑞茂通:客户诉讼信用减值及联营企业亏损致2025年预亏17-25亿元 收监管工作函

Core Viewpoint - The company, 瑞茂通 (600180.SH), announced a significant expected net loss for the year 2025, marking a shift from profit to loss compared to the previous year [1] Financial Performance - The company anticipates a net profit attributable to shareholders of between -1.7 billion to -2.5 billion yuan for 2025, with a net profit excluding non-recurring gains and losses expected to be between -1.69 billion to -2.49 billion yuan [1] - In contrast, the net profit attributable to shareholders for the same period last year was approximately 66.59 million yuan, with a net profit of about 157.8 million yuan after excluding non-recurring items [1] Reasons for Loss - The expected loss is primarily attributed to two factors: 1. Legal issues involving certain clients, leading the company to prudently provision for significant credit impairment losses on related receivables [1] 2. Anticipated substantial losses from certain joint ventures, resulting in a significant decline in investment income calculated using the equity method [1] Regulatory Response - The company received a regulatory work letter from the Shanghai Stock Exchange regarding the aforementioned earnings forecast, which includes the listed company, its directors, senior management, controlling shareholders, and actual controllers [1]