亚星化学2025年预亏扩大，新材料项目短期难扭亏

Group 1 - The core viewpoint of the article indicates that Yaxing Chemical (600319) is expected to report a net profit loss of between 145 million to 174 million yuan for 2025, with a significant increase in losses compared to the same period in 2024 [1][2] - The company's main business continues to face pressure, with a gross profit margin of -2.29% and a net profit margin of -22.52% reported for Q3 2025, alongside a rising debt-to-asset ratio of 85.15% and a current ratio of only 0.26, indicating significant short-term repayment pressure [1] - The new materials project, although in trial production by the end of 2025, has not yet contributed to the annual performance, and the effectiveness of the transformation remains to be observed [1][2] Group 2 - On February 13, 2026, Yaxing Chemical announced the termination of the planned acquisition of Shandong Tianyi Chemical due to differing demands among the parties involved [2] - The company's focus on new material projects, such as PVDC, is currently in the trial production phase, making it difficult to reverse the loss situation in the short term [2] - Over the past week (February 6 to 13, 2026), Yaxing Chemical's stock price experienced a fluctuation of 5.63%, closing at 8.02 yuan on February 13, with a single-day drop of 0.25% and low trading volume, as the turnover rate remained below 1% [3]