Baiyin Nonferrous Group Co.,Ltd. (601212.SH) has released its annual performance forecast for 2025, anticipating a net loss attributable to owners of the parent company in the range of 450 million to 675 million yuan for the full year.
In 2025, market prices for nonferrous and precious metal products increased year-on-year, the company's primary product output rose compared to the previous year, and it strengthened internal management, implementing multiple measures to reduce costs, enhance efficiency, and control expenses, leading to a year-on-year improvement in gross profit margin.
However, due to a warehousing contract dispute involving its subsidiary, Shanghai Honglu International Trade Co., Ltd., and Nanchu Warehouse Management Group Co., Ltd. along with its Shanghai branch, the company, based on the latest developments in the case and the principle of prudence, recognized a provision for estimated liabilities of approximately 314 million yuan in the first half of 2025.
Furthermore, increased losses from fair value changes of embedded derivative financial instruments, arising from price-fixation transactions due to market price fluctuations, also negatively impacted the company's performance compared to the same period last year.
Comments