Core Viewpoint - *ST Jiahua (300268) is expected to report a significant loss in 2025, with a projected net profit loss of 390 million to 640 million yuan, compared to a profit of 44.18 million yuan in the same period last year [1] Financial Performance - The company anticipates a net profit loss of 370 million to 630 million yuan for 2025, down from a profit of 35.82 million yuan in the previous year [1] - Expected revenue for 2025 is projected to be between 1.4 billion and 1.8 billion yuan, an increase from approximately 900 million yuan in the previous year [1] - As of the end of 2024, the company's equity attributable to shareholders was -443 million yuan, and it has reported negative net profits for the last three accounting years [2] Business Operations - The company has completed the divestiture of its salmon business and is now primarily engaged in processing and selling products like cod and Arctic sweet shrimp through its domestic subsidiary [2] - The company’s main products include cod, Arctic sweet shrimp, flounder, and Atlantic redfish, along with health and nutrition processed products based on these seafood [2] Market Activity - Recently, *ST Jiahua's stock price experienced a notable increase of over 30% from October 15, 2025, followed by a period of fluctuation [3] - The latest stock price is reported at 12.98 yuan per share, with a total market capitalization of 2.3 billion yuan [3]