Core Viewpoint - Harbin Senying Window Industry Co., Ltd. expects a net profit loss of 42 million to 53 million yuan for 2025, indicating a similar level of loss compared to the previous year [1] Financial Performance - The company anticipates a net profit loss attributable to shareholders of 42 million to 53 million yuan for 2025, compared to a loss of 42.19 million yuan in the same period last year [1] - The expected net profit loss after deducting non-recurring gains and losses is projected to be between 56 million and 67 million yuan, compared to a loss of 56.74 million yuan in the previous year [1] Business Operations - The company states that new products such as plastic windows and entrance doors, as well as overseas market operations, have not yet generated significant revenue [1] - During the channel transformation phase, while operating revenue and gross margin have shown some recovery, the low capacity utilization rate continues to impact overall profitability [1]

（文章来源：证券日报） 证券日报网讯 1月26日，森鹰窗业发布公告称，公司预计2025年度归属于上市公司股东的净利润亏损 4，200万元-5，300万元，上年同期亏损4，219.08万元。 ...

Core Viewpoint - The company, Senying Windows (301227.SZ), expects a loss of 42 million to 53 million yuan in 2025, with a previous year's loss of 42.19 million yuan, indicating ongoing challenges in the real estate market and operational adjustments [1] Group 1: Company Performance - For the fiscal year 2025, the company anticipates a continued downturn in the real estate market, leading to a contraction in new home deliveries and intensified competition in the existing market [1] - The company's new products, including plastic windows and entrance doors, along with overseas market operations, have not yet generated significant revenue [1] - Despite a slight recovery in revenue and gross margin during the channel transformation phase, the company's capacity utilization remains low, adversely affecting overall profitability [1] Group 2: Financial Adjustments - The impact of the real estate market has resulted in slower-than-expected receivables from some major business clients, leading to an increase in credit impairment provisions compared to 2024 [1] - The implementation of a restricted stock incentive plan has led to an increase in share-based payment expenses compared to 2024 [1] - The expected impact of non-recurring gains and losses on the company's net profit is approximately 14 million yuan, primarily from government subsidies, recovery of previously impaired receivables, and cash management income [1]

Core Viewpoint - The company, Senying Windows, is forecasting a significant net loss for the year 2025, primarily due to ongoing challenges in the real estate market and internal operational issues [1] Group 1: Financial Performance - The expected net loss attributable to shareholders for 2025 is projected to be between 42 million and 53 million yuan [1] - The net profit, excluding non-recurring gains and losses, is anticipated to be a loss between 56 million and 67 million yuan [1] Group 2: Market Conditions - The real estate market in China is still undergoing a deep supply-demand adjustment, leading to a contraction in new home deliveries and intensified competition in the existing market [1] - The competitive landscape of the industry continues to be restructured, impacting the company's performance [1] Group 3: Operational Challenges - New products such as plastic windows and entrance doors, as well as overseas market operations, have not yet generated significant revenue [1] - Although there has been a slight recovery in revenue and gross margin during the channel transformation phase, the low capacity utilization continues to affect overall profitability [1] Group 4: Financial Adjustments - Due to the real estate market environment, the collection of accounts receivable from some major business clients has not met expectations, leading to an increase in credit impairment provisions compared to 2024 [1] - The implementation of a restricted stock incentive plan has resulted in higher share-based payment expenses compared to the previous year [1] - Non-recurring gains and losses are expected to impact net profit by approximately 14 million yuan, mainly from government subsidies and recovery of previously impaired receivables [1]

Core Viewpoint - The company expects a net profit loss of 42 million to 53 million yuan for the fiscal year 2025, primarily due to ongoing adjustments in the real estate market and challenges in product revenue generation [1] Group 1: Industry Impact - The real estate market in China is still undergoing a deep supply-demand adjustment phase, leading to a contraction in new housing delivery and intensified competition in the existing market [1] - The competitive landscape of the industry continues to be restructured, affecting overall market dynamics [1] Group 2: Company Performance - The company's new products, including plastic windows and entrance doors, as well as its overseas market operations, have not yet generated significant revenue [1] - Although there has been a recovery in operating revenue and gross margin during the company's channel transformation phase, the capacity utilization rate remains low, negatively impacting overall profitability [1]

一、本期业绩预计情况 证券代码：301227 证券简称：森鹰窗业 公告编号：2026-003 哈尔滨森鹰窗业股份有限公司 2025年度业绩预告 本公司及董事会全体成员保证信息披露内容的真实、准确和完整，没有 虚假记载、误导性陈述或重大遗漏。 二、与会计师事务所沟通情况 本次业绩预告相关财务数据是公司财务部门初步测算的结果，未经会计师 事务所预审计。公司已就业绩预告有关事项与会计师事务所进行了预沟通，公 司与会计师事务所在业绩预告相关财务数据方面不存在重大分歧。 三、业绩变动原因说明 本报告期业绩预亏主要受以下因素影响： 1、2025年度，我国房地产市场仍处于深度供需调整阶段，新房交付规模收 缩，存量市场竞争加剧，行业竞争格局持续重构。报告期内，公司的新塑窗、 入户门等新产品以及海外市场业务尚未形成规模化收入。在公司渠道转型阶段， 营业收入和毛利率虽有所回升，但产能利用率仍较低，影响整体盈利能力。 1、业绩预告期间：2025年1月1日至2025年12月31日 2、预计的业绩：预计净利润为负值 1 3、业绩预计情况表 | 项目 | 本报告期 | 上年同期 | | --- | --- | --- | | 归属于上市 ...

Investment Rating - The report maintains a positive outlook on the Heilongjiang capital market, indicating a bullish trend for 2026, supported by favorable economic conditions and policy implementations [5][20][22]. Core Insights - The report highlights a significant increase in inbound tourism to Heilongjiang, with a 43.8% year-on-year growth in visitor numbers from January 1 to 9, 2026, attributed to visa facilitation measures and the region's unique winter tourism resources [10]. - Heilongjiang's power grid reached a historical peak load of 18.728 million kilowatts on January 14, 2026, reflecting a steady increase in winter electricity demand, with a year-on-year growth of 25.1 thousand kilowatts [11]. - The Heilongjiang index has shown a 3.14% increase since January 2026, maintaining an upward trend despite a slight decline of 1.18% from January 12 to 16 due to market adjustments [20][22]. - The report notes that 11 companies in Heilongjiang have achieved over 5% gains since January, with four companies exceeding 10% growth, including China First Heavy Industries (+34.09%) and Weidi Co., Ltd. (+17.69%) [22][23]. Summary by Sections Inbound Tourism - The report emphasizes the impact of visa policies and winter tourism on the influx of foreign visitors, with specific statistics showing a substantial increase in cross-border traffic at various ports [10]. Power Demand - The report details the record electricity demand in Heilongjiang, outlining measures taken by the State Grid to ensure stable operations during peak loads, including resource allocation and emergency preparedness [11]. Market Performance - The Heilongjiang index's performance is analyzed, indicating a positive trajectory for the year ahead, driven by economic stability and structural upgrades, alongside the effects of favorable policies [20][22]. Company Performance - The report provides insights into the performance of listed companies in Heilongjiang, highlighting strong performers and noting the overall positive sentiment in the market despite some companies experiencing losses [22][23].

每经头条（nbdtoutiao）——年产量是传统大田120倍以上，1个人管理1栋楼！实探中国"植物工厂"：水 稻生产期从120天减到60天，没有虫害不用打农药 每经AI快讯，森鹰窗业1月12日晚间发布公告称，哈尔滨森鹰窗业股份有限公司控股股东及实际控制人 之一致行动人暨董事长、总经理边可仁先生，计划以集中竞价交易方式减持其通过二级市场增持的部分 股份约16万股，占公司总股本的比例为0.17%，占剔除公司回购专户股份后总股本的比例为0.18%；公 司控股股东及实际控制人之一致行动人暨董事、财务总监刘楚洁女士，计划以集中竞价交易方式减持其 通过二级市场增持的部分股份约29万股，占公司总股本的比例为0.3%，占剔除公司回购专户股份后总 股本的比例为0.32%；相关股东的减持计划自本公告披露之日起15个交易日后的3个月内进行（即2026 年2月4日至2026年5月3日，法律法规、规范性文件规定不得减持的时间除外），在任意连续90个自然日 内减持股份总数不超过公司股份总数的1%。 （记者 曾健辉） ...

Core Viewpoint - Senying Windows Industry (301227.SZ) announced plans for share reduction by key stakeholders, indicating potential changes in ownership dynamics and market sentiment [1] Group 1: Share Reduction Plans - The chairman and general manager, Bian Kerun, plans to reduce holdings by 162,500 shares, representing 0.17% of the total share capital and 0.18% when excluding shares held in the company's repurchase account [1] - The financial director, Liu Chujie, intends to reduce holdings by 287,500 shares, accounting for 0.30% of the total share capital and 0.32% when excluding shares held in the company's repurchase account [1]

森鹰窗业公告称，控股股东及实际控制人之一致行动人暨董事长、总经理边可仁，拟以集中竞价交易减 持162,500股，占总股本0.17%；董事、财务总监刘楚洁拟减持287,500股，占比0.30%。股份均源于二级 市场增持，减持原因为自身资金需求。减持时间为2026年2月4日至5月3日（法定不得减持时间除外）， 任意连续90个自然日减持不超公司股份总数1%。本次减持不会导致公司控制权变更。 ...