JINGCHENG MAC (00187.HK): 2025 Net Profit Expected to Lose RMB 46 Million - 55.2 Million, Dragged by Trade Frictions and Emerging Business Cultivation

NewTimeSpace · 2026/01/21 16:51 · By Jiayi Sun

JINGCHENG MAC issued a 2025 annual performance forecast announcement, expecting the full-year net profit attributable to shareholders of the parent company to be a loss of RMB 46 million to RMB 55.2 million, turning from a profit of RMB 7.477 million in the same period last year to a loss. The net profit after deducting non-recurring gains and losses is projected to be a loss of RMB 74.6 million to RMB 89.5 million, with the loss scale significantly expanding compared with the same period last year.

NewTimeSpace News：JINGCHENG MAC(00187.HK) disclosed in an announcement on January 21, 2026, that its 2025 performance turned from profit to loss. In the same period last year, the company's net profit attributable to shareholders of the parent company was RMB 7.477 million, and the net profit after deducting non-recurring gains and losses was a loss of RMB 5.5565 million. This year, the loss scale after deducting non-recurring gains and losses has expanded significantly.

Regarding the reasons for the expected loss, JINGCHENG MAC stated that the intensification of international trade frictions has put significant pressure on the export business of the gas storage and transportation segment, leading to a decline in product sales volume and profits. Emerging businesses such as hydrogen energy are in the initial stage of industry cultivation, with the overall market scale failing to meet expectations and the profitability level lower than anticipated. Meanwhile, to enhance core competitiveness, the company has continuously increased investment in new product research and development and industrial chain layout, resulting in a year-on-year increase in R&D expenses.

NewTimeSpace Disclaimer: All content herein is the original work of NewTimeSpace. Any reproduction, reprinting, or use of this content in any other manner must clearly indicate the source as "NewTimeSpace". NewTimeSpace and its authorized third-party information providers strive to ensure the accuracy and reliability of the data, but do not guarantee the absolute correctness thereof. This content is for reference only and does not constitute any investment advice. All transaction risks shall be borne by the user.

Tags：

JINGCHENG MAC 00187.HK profit performance