Core Viewpoint - The company, Conch Environmental (00587), anticipates a significant loss for the fiscal year 2025, projecting a loss attributable to shareholders of approximately RMB 190 million to RMB 270 million, following a modest profit of RMB 6.28 million in 2024 [1] Summary by Relevant Categories Financial Performance - The expected loss for 2025 is between RMB 190 million and RMB 270 million, compared to a net profit of RMB 6.28 million in 2024 [1] Market Conditions - The decline in performance is attributed to intensified market competition, leading to low disposal prices despite stable hazardous waste disposal volumes [1] - The company is increasing its market expansion efforts, which may contribute to the anticipated losses [1] Operational Challenges - New projects transitioning to fixed assets will result in increased depreciation and amortization expenses [1] - Extended customer payment cycles have led to higher provisions for credit impairment losses [1] - The operational rate of cement kilns is declining, particularly in regions such as Henan, Shandong, and Northeast China, resulting in underutilization of capacity [1] Asset Valuation - The company has engaged appraisers to conduct impairment tests on certain projects, with preliminary estimates indicating that asset impairment provisions for the fiscal year 2025 may range from RMB 70 million to RMB 100 million [1]
海螺环保(00587)发盈警 预期2025年公司权益股东应占亏损约1.9亿至2.7亿元 同比盈转亏