登录新浪财经APP 搜索【信披】查看更多考评等级 证券代码：600340 证券简称：华夏幸福 公告编号：2026-005 华夏幸福基业股份有限公司 2025年年度业绩预告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述或者重大遗漏，并对其内容 的真实性、准确性及完整性承担法律责任。 重要内容提示： ● 业绩预告的具体适用情形：净利润为负值、期末归属于上市公司股东的净资产为负值； ● 预计华夏幸福基业股份有限公司（以下简称"公司"或"华夏幸福"）2025年度将实现归属于上市公司股 东的净利润为-240亿元到-160亿元； ● 预计公司2025年度将实现归属于上市公司股东的扣除非经常性损益的净利润为-250亿元到-170亿元； ● 预计公司2025年末归属于上市公司股东的净资产为-150亿元到-100亿元； ● 若公司2025年末归属于上市公司股东的净资产为负值，根据《上海证券交易所股票上市规则》（以下 简称"《股票上市规则》"）第9.3.2条第一款第（二）项的规定，公司股票在2025年年度报告披露后可能 被实施退市风险警示，敬请广大投资者注意投资风险。 一、本期业绩预告情况 （一）业绩预告期 ...

Group 1 - Hangxiao Steel Structure announced that it does not have a "commercial aerospace" business, with its main operations focused on steel structure contracting and related services, and a recent project contributing less than 1% to its 2024 audited revenue [1] - Tianlong Group stated that it has not generated additional revenue from AI tools, which are currently used internally for advertising content creation, and that the overall business operations remain unaffected [1] - Wanxing Technology confirmed that there are no undisclosed significant matters affecting its operations, and its business environment remains stable [2] Group 2 - Yaxing Chemical announced the termination of a share issuance and cash purchase of assets due to market changes and disagreements on asset valuation [2] - Zhejiang Shuculture clarified that its subsidiaries do not engage in GEO business, which has been misreported by media [2] - Luxshare Precision terminated the acquisition of assets from Wintime Technology due to delivery restrictions, with a request for the return of 1.53 billion RMB [3] Group 3 - Jinyu Group reported that its subsidiaries' revenues from specific projects are minimal compared to its overall revenue, with a small contribution from recent contracts [4] - Tongyu Communication highlighted that its stock price has significantly outpaced its fundamentals, indicating potential risks of a price correction [4] - Dongfang Mingzhu noted that the listing process for its investment in Chaoguhuan has uncertainties but currently does not impact its performance [5] Group 4 - Luyin Investment warned of risks associated with its stock price surge, which has increased by 86.92% over the last ten trading days [5] - Puyuan Information stated that its AI software platform is in the early commercialization stage, with limited revenue impact expected [6] - Zhejiang Wenhu Intermediary reported that its GEO business has not yet generated revenue, reflecting uncertainties in market acceptance [6] Group 5 - Xinhua News confirmed that its GEO business lacks a mature profit model and has not generated income [7] - People's Daily stated that it does not engage in GEO business and has not been affected by market rumors [7] - China First Heavy Industries reported minimal involvement in controllable nuclear fusion projects, with no significant revenue generated [8] Group 6 - Xibu Mining announced an increase in copper resources at the Yulong Copper Mine, adding 131.42 million tons of copper metal resources [8] - Jiurui New Materials commenced trial production of a new photoinitiator project, expected to cater to mainstream markets [9] - Tongda Sea indicated that AI-related revenue is low and does not significantly impact overall business performance [10] Group 7 - Zhenai Meijia's stock price has deviated significantly from market indices, prompting caution for investors [11] - Guizhou Moutai approved a new marketing strategy to enhance its sales channels and adapt to consumer demands [12] - Shunhao Co. plans to increase its stake in a subsidiary, reflecting confidence in future business prospects [14] Group 8 - A number of companies, including TCL Technology and Dazhu CNC, forecast significant profit increases for 2025, driven by operational improvements and market demand [19][22] - Long Cable Technology expects a profit increase due to changes in its employee stock plan and market conditions [22] - Jiangsu Electric Power reported a profit increase attributed to higher sales and reduced financial costs [29]

Macro Dynamics - Yunnan aims to achieve significant results in key industry development by 2027, targeting an industrial output value exceeding 2 trillion yuan, with non-tobacco and non-energy industries increasing their share by approximately 3 percentage points [2] - By 2030, Yunnan plans to make breakthroughs in industrial transformation and upgrading, focusing on becoming a major clean energy base, strategic non-ferrous metal industry base, and a world-class tourism destination [2] Financial Institutions - Zhongyin Securities announced the resignation of Chief Scientist Ge Hao due to personal reasons, and he will not hold any position in the company after his departure [7] - UBS Securities analyst Meng Lei projected an 8% growth in A-share earnings for 2026, slightly below MSCI China levels, with non-financial sector earnings expected to improve due to nominal GDP growth and PPI recovery [8] - Shanghai Pudong Development Bank reported a net profit of 50.017 billion yuan for 2025, a year-on-year increase of 10.52%, with a decrease in non-performing loans [9] Market Data - The Shanghai Composite Index closed down 0.64% on January 13, with significant declines in the commercial aerospace sector, while the medical services sector showed strong performance [13] - The total margin balance in the two markets increased by 45.586 billion yuan, with the Shanghai Stock Exchange margin balance at 1.32792 trillion yuan and the Shenzhen Stock Exchange at 1.319152 trillion yuan [14] - The Hong Kong Hang Seng Index rose by 0.9%, led by gains in gold stocks, while technology and semiconductor sectors faced declines [15] Company Dynamics - Changjiang Electric Power reported a net profit of 34.167 billion yuan for 2025, a 5.14% increase, attributed to higher electricity sales and reduced financial costs [16] - Huaxia Happiness projected a net loss of 16 billion to 24 billion yuan for 2025, potentially facing delisting risk due to negative net assets [17] - Yonyou Network expects a net loss of 1.3 billion to 1.39 billion yuan for 2025, but anticipates a return to positive revenue growth [19] - Baiwei Storage forecasts a net profit of 850 million to 1 billion yuan for 2025, representing a year-on-year increase of 427.19% to 520.22%, driven by recovery in storage prices and growth in AI-related sectors [22]

智通财经APP讯，华夏幸福(600340.SH)发布公告，公司预计2025年度将出现亏损，实现归属于上市公 司股东的净利润为-240亿元到-160亿元。 公司同日公告，预计2025年末归属于上市公司股东的净资产为-100亿元到-150亿元，公司股票可能被上 海证券交易所实施退市风险警示。 受公司房地产项目结转节奏等因素影响，公司本期房地产结转项目减少，结转收入下降，导致了净利润 同比下降。公司虽持续推进债务重组工作，但因公司债务存量金额仍然较大，且随着房地产存量项目竣 备、交付、结转，利息费用资本化率同比降低，财务费用始终处于高位。同时，随着债务重组本年推进 缓慢，确认的债务重组投资收益大幅减少。公司基于企业会计准则及公司会计政策、会计估计，并结合 当前行业状况，对部分资产计提大额减值损失。 ...

格隆汇1月13日丨华夏幸福(600340.SH)公布，经公司财务部门初步测算，预计公司2025年末归属于上市 公司股东的净资产为负值，依据《上海证券交易所股票上市规则》（简称"《股票上市规则》"）第9.3.2 条第一款第（二）项规定，公司股票可能被上海证券交易所实施退市风险警示，敬请广大投资者注意投 资风险。 ...

新京报贝壳财经讯1月13日，华夏幸福（600340）公告，财务部门初步测算，预计公司2025年度归属于 上市公司股东的净利润为-240亿元到-160亿元，扣除非经常性损益的净利润为-250亿元到-170亿元。预 计2025年末归属于上市公司股东的净资产为-150亿元到-100亿元。公司股票可能被实施退市风险警示。 此外，河北省廊坊市中级人民法院已受理公司预重整，但重整申请的最终受理和重整程序的成功仍存在 重大不确定性。公司将继续做好日常经营管理，并根据法院受理情况履行信息披露义务。 ...

格隆汇1月13日丨华夏幸福(600340.SH)公布，经公司财务部门初步测算，预计公司2025年度将实现归属 于上市公司股东的净利润为-240亿元到-160亿元；将实现归属于上市公司股东的扣除非经常性损益的净 利润为-250亿元到-170亿元；预计公司2025年末归属于上市公司股东的净资产为-150亿元到-100亿元。 ...

北京商报讯（记者 李晗）1月13日，华夏幸福发布2025年年度业绩预告。预告显示，2025年华夏幸福实 现净亏损160亿元至240亿元；扣除非经常性损益的净亏损为170亿元至250亿元。 ...

人民财讯1月13日电，华夏幸福（600340）1月13日发布业绩预告，预计公司2025年度实现归属于上市公 司股东的净利润亏损160亿元—240亿元。受公司房地产项目结转节奏等因素影响，公司本期房地产结转 项目减少，结转收入下降，导致了净利润同比下降。因公司预计2025年末归属于上市公司股东的净资产 为负值，公司股票可能被上交所实施退市风险警示。 ...

华夏幸福1月13日公告，预计2025年归母净利润亏损160亿元-240亿元，上年同期亏损48.17亿元。受公 司房地产项目结转节奏等因素影响，公司本期房地产结转项目减少，结转收入下降，导致了净利润同比 下降。公司虽持续推进债务重组工作，但因公司债务存量金额仍然较大，且随着房地产存量项目竣备、 交付、结转，利息费用资本化率同比降低，财务费用始终处于高位。同时，随着债务重组本年推进缓 慢，确认的债务重组投资收益大幅减少。 ...