Core Viewpoint - The company, Mountain Water Cement (00691.HK), is projecting a significant decline in financial performance for the fiscal year 2025, with expected revenue and profit losses compared to 2024 [1] Financial Performance Summary - The projected revenue for 2025 is approximately RMB 11.561 billion, representing a decrease of 20.3% compared to 2024 [1] - The company anticipates an operating loss of approximately RMB 518 million for 2025, contrasting with an operating profit of RMB 182 million in 2024 [1] - The expected loss attributable to shareholders for 2025 is around RMB 983 million, compared to a loss of RMB 141 million in 2024 [1] - The basic loss per share for 2025 is projected at RMB 0.23, up from a basic loss of RMB 0.03 per share in 2024 [1] Gross Profit and Margin Summary - The gross profit for 2025 is estimated to be RMB 1.624 billion, down from RMB 2.094 billion in 2024 [1] - The gross margin for 2025 is expected to be 14.0%, slightly lower than the 14.4% gross margin in 2024 [1] - The decline in gross profit and margin is primarily attributed to a decrease in sales volume of cement and clinker, along with a greater decline in cement sales prices compared to the decrease in unit costs [1]
山水水泥(00691.HK)：2025年度归属股东亏损约9.83亿元