Core Viewpoint - *ST Jiahua (300268.SZ) expects a loss of 390 million to 640 million yuan in 2025, with a non-recurring loss of 370 million to 630 million yuan, and operating revenue projected between 1.4 billion to 1.8 billion yuan [1] Financial Performance - The company’s subsidiary, Beijing Zhencheng, has been continuously losing money in recent years [1] - A significant asset restructuring is expected to be completed by June 2025, which will impact the consolidated financial statements [1] - The financial results for the first half of 2025 will include the income, expenses, and profits of Beijing Zhencheng up to the disposal date [1] - From the second half of 2025, Beijing Zhencheng will no longer be included in the consolidated financial statements, leading to a year-on-year decline in revenue but a significant reduction in net loss and a positive net asset position [1] Market Conditions - The raw material prices for the company's cod fish business have been rising sharply [1] - Although there is a slight recovery in market demand for cod fish products, intense competition in downstream sales is affecting performance [1] - The company's sales prices are higher than the industry average, but the rising costs create significant sales pressure, resulting in a decline in sales revenue and a decrease in gross profit margin [1]

Core Viewpoint - *ST Jiawo expects a net profit loss attributable to shareholders of 390 million to 640 million yuan for the fiscal year 2025, primarily due to continuous losses from its subsidiary Beijing Jiawo Zhencheng Technology Co., Ltd. [1] Financial Performance - The company completed a significant asset restructuring on June 2025, which will affect the consolidation of financial statements, leading to a decrease in revenue and a substantial reduction in net profit loss for the second half of 2025 [1] - The financial report for the current period includes the income, expenses, and profits of Beijing Zhencheng from the beginning of the year until the disposal date [1] Business Operations - The raw material prices for the company's cod fish business have been rising sharply, impacting profitability [1] - Although there is a slight recovery in market demand for cod fish fillet products, intense competition in downstream sales has led to a decline in sales revenue and a decrease in gross profit margin [1] - The company's sales prices are higher than the industry average, but they still face significant sales pressure due to rising costs [1]

Core Viewpoint - *ST Jiawo (300268) is expected to report a net profit loss of 390 million to 640 million yuan for 2025, a significant decline from a profit of 44.18 million yuan in the same period last year [2] Group 1: Financial Performance - The company anticipates a net profit loss of 390 million to 640 million yuan for 2025 [2] - In the previous year, the company reported a profit of 44.18 million yuan after restructuring [2] Group 2: Business Challenges - The raw material prices for the company's cod fish business have been continuously rising [2] - Although there is a slight recovery in market demand for cod fish fillet products, intense competition in downstream sales is impacting performance [2] - The company's sales prices are higher than the industry average, but they still face significant sales pressure due to rising costs [2] - As a result, the company's sales revenue has declined, and the gross profit margin has also decreased [2]

Core Viewpoint - *ST Jiawo (300268) is expected to report a net profit loss attributable to shareholders of 390 million to 640 million yuan for 2025, a significant decline from a profit of 44.18 million yuan in the same period last year after restructuring [1] Group 1: Financial Performance - The company anticipates a net profit loss of 390 million to 640 million yuan for 2025 [1] - In the previous year, the company reported a profit of 44.18 million yuan [1] Group 2: Business Challenges - The raw material prices for the company's cod fish business have been continuously rising [1] - Although there is a slight recovery in market demand for cod fish fillet products, intense competition in downstream terminal sales is impacting performance [1] - The company's sales prices are higher than the industry average, but they still face significant sales pressure due to rising costs [1] Group 3: Revenue and Profitability - The report indicates a decline in sales revenue and a decrease in sales gross margin during the reporting period [1]

南财智讯1月26日电，*ST佳沃发布年度业绩预告，预计2025年全年归属于上市公司股东的净利润为亏 损39,000万元至64,000万元，即净亏损3.90亿元—6.40亿元；预计2025年全年归属于上市公司股东的扣除 非经常性损益的净利润为亏损37,000万元至63,000万元，即净亏损3.70亿元—6.30亿元。公司原子公司北 京臻诚近年来连续亏损，公司于2025年6月完成重大资产重组交割程序，依据《企业会计准则第33号一 合并财务报表》规定，将原子公司北京臻诚期初至处置日的收入、费用、利润纳入合并利润表，本报告 期包含原子公司北京臻诚2025年1-6月损益，自2025年下半年起原子公司北京臻诚不再纳入公司合并报 表，从而导致收入同比下降，净利润大幅减亏，同时实现了净资产转正。公司狭鳕鱼业务原料价格持续 飙升，市场对狭鳕鱼片产品消费需求虽有所回暖，但下游终端销售竞争激烈，公司的销售价格虽高于行 业平均水平，但相较成本上升仍面临较大销售压力，导致本报告期销售收入下滑，销售毛利率亦有所下 降。 ...