Core Viewpoint - Jiutai Bonda Energy (02798.HK) is expected to report a net loss of approximately RMB 178 million to RMB 218 million for the fiscal year ending December 31, 2025, primarily due to a significant decline in coal prices affecting profit margins and leading to impairment losses on mining rights and assets [1] Financial Performance - The company anticipates a net profit of approximately RMB 440 million for the fiscal year ending December 31, 2024, contrasting with the expected net loss in 2025 [1] - The expected transition from profit to loss is attributed to a sharp decline in global coal market prices, which has significantly reduced coal selling prices and directly compressed gross margins [1] Impairment and Accounting Considerations - The recent decline in coal market prices has led the company to adopt a conservative forecast for future coal product sales, resulting in anticipated impairment losses on mining rights and property, plant, and equipment [1] - These expected losses are characterized as non-cash and non-recurring, indicating that they will not have a direct impact on the company's cash flow [1]
久泰邦达能源(02798.HK)盈警：预期2025年除税后纯损约1.78亿元至2.18亿元