Group 1 - The company expects a net profit attributable to shareholders in 2025 to be between -195 million and -165 million yuan, with a net profit excluding non-recurring gains and losses projected to be between -165 million and -135 million yuan [1] - The prolonged suspension of production at the Derong Mining Jinpo Lead-Zinc Mine due to the expiration of its mining license has significantly reduced the self-produced zinc concentrate volume compared to the same period last year, leading to an increased proportion of externally sourced raw materials [1] - The overall tight supply of zinc concentrate in the market during 2025 has resulted in a rise in the procurement price of zinc concentrate, which has substantially decreased the company's gross profit from zinc products [1] - Additionally, the settlement of imported raw material prices based on spot prices has contributed to increased losses for the company [1]

Core Viewpoint - Shenzhen New Star (603978.SH) expects a reduction in losses for the fiscal year 2025, projecting a net profit attributable to shareholders of the parent company between -69 million and -46 million yuan, which represents a decrease in losses of 222.173 million to 245.173 million yuan compared to the previous year [1] Financial Projections - The company anticipates a net profit attributable to shareholders of the parent company, excluding non-recurring gains and losses, to be between -73.5 million and -50.5 million yuan for the fiscal year 2025 [1]

Core Viewpoint - The company expects a negative net profit for the fiscal year 2025, with a projected range for net profit attributable to shareholders between -285 million yuan and -190 million yuan, compared to -249 million yuan in the same period last year [1] Financial Performance - The expected net profit range for 2025 is between -286 million yuan and -191 million yuan, with the previous year's figure being -286 million yuan [1] - The company reported a net profit of -249 million yuan in the same period last year [1] Industry Context - The heparin drug industry is experiencing intensified competition, leading to a decline in revenue from the company's core heparin preparation products [1] - Factors such as centralized procurement and fluctuations in raw material prices are contributing to a low gross margin, which is a primary reason for the company's anticipated losses [1]

天智航公告，预计2025年度归属于母公司所有者的净亏损为1.65亿元至1.98亿元，与上年同期相比亏损 增加4387.03万元至7687.03万元，较上年同期亏损扩大36.22%至63.46%。预计2025年度实现归属于母公 司所有者扣除非经常性损益后的净亏损为2亿元至2.33亿元，与上年同期相比亏损增加3025.53万元至 6325.53万元，较上年同期亏损扩大17.82%至37.26%。报告期内，营业收入实现较大幅度增长，主要原 因为：行业市场环境回暖，产品销售及技术服务收入实现较大幅度增长。 ...

Core Viewpoint - The company, Jiahen Jiahua, expects a loss of 29 million to 39 million yuan for 2025, with a non-recurring loss of 32 million to 42 million yuan due to increased operational costs and changes in product structure [1] Financial Performance - The company's operating revenue increased compared to the same period last year due to ongoing business expansion and the addition of new business lines [1] - The gross profit margin decreased year-on-year, attributed to increased fixed operating costs from depreciation and amortization at its wholly-owned subsidiary, Huzhou Jiahen Industrial Co., Ltd., as well as changes in customer product structure [1] Cost Structure - Management expenses increased year-on-year due to higher employee compensation and fixed asset depreciation to support the business development needs of Huzhou Jiahen Industrial Co., Ltd. [1] - Financial expenses rose year-on-year, primarily due to an increase in bank borrowing and a reduction in interest capitalization during the reporting period [1]

格隆汇1月28日丨瀛通通讯(002861.SZ)公布，预计2025年归属于上市公司股东的净利润-7,500万元 ～-6,500万元，扣除非经常性损益后的净利润-8,500万元～-7,500万元。报告期内，由于受行业市场竞争 激烈等因素影响，公司当期净利润亏损，主要原因有：（1）报告期内，公司收入规模有所增长，但整 体体量仍然偏小，规模效应尚未充分显现，单位收入分摊的固定成本较高。（2）报告期内，为加强品 牌建设、提升品牌知名度、拓展新产品销售渠道，公司加大了市场投入及团队组建，销售费用相应增 长。（3）报告期内，随着部分在建工程转为固定资产，折旧费用相应增加，导致管理费用较上年度有 所增长。 ...

Core Viewpoint - The company, Xizang Tianlu (600326.SH), expects to reduce its net loss for the fiscal year 2025 compared to the previous year, indicating a potential improvement in financial performance [1] Financial Performance Summary - The company anticipates a net profit attributable to shareholders of between -79 million to -56 million yuan for 2025, which represents a reduction in loss of 25.28 million to 48.28 million yuan compared to the previous year, reflecting a year-on-year decrease in loss of 24.24% to 46.30% [1] - The expected net profit attributable to shareholders, excluding non-recurring gains and losses, is projected to be between -120 million to -97 million yuan, with a reduction in loss of 16.77 million to 39.77 million yuan compared to the previous year, indicating a year-on-year decrease in loss of 12.26% to 29.08% [1]

格隆汇1月28日丨上工申贝(600843.SH)公布，经公司财务部门初步测算，预计2025年年度实现归属于母 公司所有者的净利润为-12,000万元到-15,000万元，与上年同期（-24,423.13万元）相比，将继续出现亏 损。预计2025年年度实现归属于母公司所有者的扣除非经常性损益后的净利润为-34,000万元到-37,000 万元。 业绩预告期内，公司在德国全资子公司杜克普爱华有限责任公司（以下简称"DA公司"）受下游主要市 场欧洲汽车制造及皮革加工需求不景气以及能源和原材料价格居高不下等因素的影响，经营持续低迷。 德国DA公司高毛利的产品销售收入同比下降，产能利用率不足，制造成本同比上升，毛利率大幅下 降。以及德国DA公司，为应对订单不足，积极进行人员、生产整合，同比增加裁员补偿、整合费用； SGIA公司的通用航空飞行器制造业务仍处于生产恢复期，尚未盈利；国内业务虽然总体盈利，但无法 覆盖境外业务的亏损等综合影响所致。 ...

Core Viewpoint - Tian Shun Co., Ltd. (002800.SZ) expects a loss of 35 million to 20 million yuan in 2025, with a non-recurring loss in the same range, primarily due to ongoing market downturns and declining commodity prices [1] Group 1: Financial Performance - The company's operating revenue and gross margin have decreased year-on-year due to the sustained market decline and falling commodity prices [1] - A significant increase in financial expenses, attributed to reduced interest income, has led to a substantial decline in net profit [1] - The year-on-year increase in various credit impairment losses has also contributed to the significant drop in net profit [1] - Increased non-operating expenses due to litigation cases have further impacted net profit negatively [1]

格隆汇1月28日丨生意宝(002095.SZ)公布，预计2025年1月1日至2025年12月31日归属于上市公司股东的 净利润-1800万元至-900万元；扣除非经常性损益后的净利润-3800万元至-1900万元。 公司2025年亏损比上年同期减少，主要系担保业务风险控制措施实行见效，应收代位追偿款坏账相比上 年同期减少所致。 ...