业绩承压 作为一家老牌化纤企业，南京化纤在2025年未能走出经营困境。 根据业绩预告，南京化纤预计利润总额亏损8000万元至1.2亿元；归母净利润亏损7400万元至1.11亿元； 扣除非经常性损益后的净利润亏损1.58亿元至2亿元。预计实现营业收入2.7亿元至3.3亿元，扣除与主营 业务无关的业务收入和不具备商业实质的收入后，营业收入仅为2.4亿元至2.9亿元，低于3亿元。 近日，南京化纤（600889.SH）披露2025年业绩预告，预计全年归母净利润亏损7000万元至1.1亿元。与 此同时，南京化纤还公告表示，依据《上海证券交易所股票上市规定》，公司股票可能被实施退市风险 警示。 目前，南京化纤正在筹划重大资产置换及发行股份购买资产计划，以改善经营状况。根据公告，南京化 纤计划置出持续亏损的化纤业务，置入南京工艺装备制造股份有限公司（以下简称"南京工艺"）100% 股份，实现向高端装备制造转型。 根据公告，若南京化纤2025年度经审计的利润总额、净利润或者扣除非经常性损益后的净利润孰低者为 负值且营业收入低于3亿元，根据《上海证券交易所股票上市规则》第9.3.2条规定，其可能被实施退市 风险警示。 南京化纤 ...

Core Viewpoint - Nanjing Chemical Fiber plans to acquire 100% of Nanjing Process Equipment Manufacturing Co., Ltd. through asset swaps, share issuance, and cash payments, aiming to transform its business and enter the core component manufacturing industry [1][2][3] Group 1: Transaction Details - The transaction involves an asset swap where Nanjing Chemical Fiber will exchange its assets and liabilities for an equivalent portion of the 52.98% shares of Nanjing Process held by its controlling shareholder, New Work Group [2] - The total assessed value of the assets to be swapped is 7.29 billion yuan, while the assessed value of the assets being acquired is 16.07 billion yuan [2] - Nanjing Chemical Fiber plans to raise up to 500 million yuan from no more than 35 specific investors, with New Work Group committing to invest at least 100 million yuan [1][3] Group 2: Business Transformation - Nanjing Chemical Fiber's current main business includes viscose staple fiber and PET structural core materials, which have shown declining growth and continuous losses from 2022 to 2024, with net losses of 177 million yuan, 185 million yuan, and 449 million yuan respectively [2] - The acquisition of Nanjing Process, which specializes in rolling functional components, will allow Nanjing Chemical Fiber to quickly gain access to a mature product line, customer base, and technical talent, facilitating its business transformation [3][4] Group 3: Fund Utilization and Project Details - The raised funds will be primarily used for a project focused on the domestic production of key high-end manufacturing equipment for rolling functional components, with an investment of 419 million yuan allocated for this purpose [3][4] - The total investment for the project is estimated at 600 million yuan, with a construction investment of 554 million yuan and a project duration of three years [4] - Performance commitments have been made for the acquired assets, with expected net rental income and revenue sharing amounts specified for the years 2025 to 2027 [4] Group 4: Revenue Projections - Nanjing Process is projected to generate revenues of 475 million yuan, 484 million yuan, 493 million yuan, 506 million yuan, and 526 million yuan from 2025 to 2029, with corresponding net profits of approximately 53.23 million yuan to 59.23 million yuan during the same period [5]