雪浪环境股东拟减持3%股份，2025年预亏超2亿

Group 1: Stock Price Movement - Shareholders Yang Jianping and Xu Huifen plan to reduce their holdings by up to 9.9943 million shares, accounting for 3% of the company's total share capital, due to family asset planning, with the reduction period starting 15 trading days after the announcement and lasting for three months, which may exert short-term liquidity pressure [2] Group 2: Performance and Operational Situation - The company expects a net loss attributable to shareholders of 210 million to 300 million yuan for 2025, primarily due to the contraction of the waste incineration power generation industry, project execution delays, and declining gross margins, which may trigger further market reactions following the official annual report release [3] Group 3: Company Status - A creditor, Jiangsu Xinniu Cable Co., Ltd., has applied to the court for pre-restructuring due to debt default as of November 19, 2025, and as of January 9, 2026, the company has not updated the progress, leaving the acceptance by the court and subsequent restructuring outcomes uncertain, which could significantly impact the company's debt structure [4] Group 4: Financial Condition - The company's debt ratio is high, with a liability-to-asset ratio of 93.57% as of the end of September 2025; on January 8, 2026, it was announced that Beijing Bank demanded early repayment of loans and interest exceeding 35 million yuan, accounting for 14.59% of the company's most recent net assets, indicating that debt issues may exacerbate operational pressures [5]