Shaanxi Black Cat: Expected net profit for 2025 is negative.

Shaanxi Black Cat announced that it is expected to have a net loss attributable to shareholders of the listed company of -11.9 billion to -10.9 billion yuan in 2025, compared to -11.58 billion yuan in the same period last year. It is also expected to have a net loss attributable to shareholders of the listed company, excluding non-recurring gains and losses, of -12.2 billion to -11.2 billion yuan in 2025, compared to -11.54 billion yuan in the same period last year. Due to the impact of the upstream coal industry and the downstream steel industry market, the company's main product sales prices have decreased year-on-year, gross profit margin has declined, and the main business is operating at a loss.