投资者： 看到公司三季报有3.2亿资产减值是来源于存货跌价，简而言之就是油价跌了，那么未来油价 如果回升，这部分减值是否允许在对应报告期冲回呢？撇开油价波动影响，三季度还是盈利了，各种新 材料是否已经出现上升趋势了呢？ 截至2025年11月3日收盘，东方盛虹(000301)报收于9.32元，上涨0.76%，换手率0.3%，成交量19.6万 手，成交额1.81亿元。 董秘最新回复 以上内容为证券之星据公开信息整理，由AI算法生成（网信算备310104345710301240019号），不构成 投资建议。 董秘： 您好！公司资产减值准备的计提与转回严格按照相关会计准则要求进行。公司新材料产品种类 众多，不同产品的价格走势存在差异。感谢您对公司的关注！ 交易信息汇总资金流向 11月3日主力资金净流出2039.4万元，占总成交额11.24%；游资资金净流入3164.91万元，占总成交额 17.44%；散户资金净流出1125.52万元，占总成交额6.2%。 当日关注点 来自交易信息汇总：11月3日主力资金净流出2039.4万元，占总成交额11.24%，显示主力资金显著 离场。 ...

Core Viewpoint - The company reported significant pressure on revenue and profit in the first half of 2025, leading to a downward revision of performance expectations and an "overweight" rating adjustment [1][2] Financial Performance - In H1 2025, the company achieved revenue of 4.35 billion, a year-on-year decrease of 10.8%, with EBITDA at 1.97 billion, down 2% year-on-year, and net profit at 0.035 billion, a decline of 86.8% [1] - The expected net profit for 2025-2027 is revised to 0.53 billion, 0.63 billion, and 0.75 billion, reflecting year-on-year changes of -40%, +17%, and +20% respectively, with corresponding PE ratios of 6.4, 5.5, and 4.6 [1] Business Segmentation - Revenue from operating leasing, engineering technology, asset management, and other services was 2.27 billion, 1.14 billion, 0.95 billion, with year-on-year changes of +19.5%, -41.5%, and -8.2% respectively [1] - The overall gross margin for the company was 21.6%, a decrease of 10.4 percentage points year-on-year, primarily due to rental price fluctuations [1][2] Regional Performance - Domestic revenue (including Hong Kong and Macau) was 3.75 billion, down 21.8%, while overseas revenue reached 0.6 billion, up 719.8%, increasing the overseas revenue share to approximately 14% [2] - The company managed 195,500 units domestically and 16,400 units overseas, with overseas asset management size around 4.3 billion [2] Cost and Efficiency - The sales, management, and financial expense ratios were 5.57%, 11.95%, and 9.22%, showing slight increases year-on-year [2] - The company reported a financial asset and contract asset impairment reversal of 0.19 billion, contributing to a net profit margin of 0.8%, down 4.7 percentage points year-on-year [2] Strategic Developments - The company completed an 80% acquisition of Dongqing on May 30, with a valuation based on 6 times adjusted EBITDA, enhancing its market share in Malaysia [2] - The company plans to expand into 3 to 5 new countries in the second half of 2025 [2]