Core Viewpoint - Nanjing Chemical Fiber Co., Ltd. is expected to report a significant net loss for the first half of 2025, with estimates ranging from RMB -98 million to -80 million for net profit attributable to shareholders [2][3]. Financial Performance Summary - The estimated net profit attributable to shareholders for the first half of 2025 is projected to be between RMB -98 million and -80 million [2][3]. - The estimated net profit attributable to shareholders after deducting non-recurring gains and losses is projected to be between RMB -102 million and -84 million [2][3]. - In the same period last year, the total profit was RMB -77.22 million, and the net profit attributable to shareholders was RMB -69.98 million, with a per-share loss of RMB -0.19 [2]. Reasons for Performance Decline - The company conducted impairment tests on inventory related to Lyocell fiber pulp and viscose short fibers, leading to increased operating losses due to asset impairment provisions [2][3]. - The depreciation of fixed assets increased significantly compared to the previous year due to the completion of construction projects at a wholly-owned subsidiary, Nanjing Jinling Biobased Fiber Co., Ltd. [2][3]. - Although the sales volume of PET foaming products increased significantly at the controlling subsidiary, Shanghai Yueke New Materials Co., Ltd., the sales prices declined due to industry competition, resulting in a narrower operating loss despite initial improvements in gross margin through cost reduction measures [2][3].