ST Chenming: Expected to lose 8.2-8.8 billion yuan in 2025, revenue affected by multiple factors.

ST Chenming announced that the company is expected to incur a net loss of 8.2-8.8 billion yuan attributable to shareholders of the listed company in 2025, compared to a loss of 7.411 billion yuan in the same period last year. After deducting non-recurring gains and losses, the net loss is expected to be 7.55-8.15 billion yuan, compared to a loss of 7.202 billion yuan in the same period last year. The main reasons for the performance change are the stoppage of production at some bases leading to losses from work stoppages and increased maintenance fees, a decline in production and sales volume, and impairment provisions for some assets. In the fourth quarter, the company divested all financing leasing business and made provisions for bad debts for some businesses. However, the company has taken multiple measures to enhance operational efficiency, and production line equipment operation rates and production capacity utilization rates have significantly improved.