Jiangshan Europe: Revenue in 2025 is expected to be 1.6 billion yuan, with an estimated net loss of 180-230 million yuan.

Jiangshan Europost has announced that it is expected to achieve a total operating income of approximately 1.6 billion yuan in 2025, with an expected net profit of -230 million yuan to -180 million yuan, compared to 109 million yuan in the same period last year; the non-recurring net profit is expected to be -270 million yuan to -220 million yuan, compared to 71 million yuan in the same period last year. The performance is expected to be negatively affected by factors such as industry downturn, intense competition, lagging decline in fixed costs, and provisions for impairment losses. The company is taking measures to reduce costs by adjusting production capacity and sales channels. As of the end of September 2025, the asset-liability ratio was 62.07%. Zhongzheng Pengyuan maintains the company's main body and "Jiangshan Convertible Bonds" credit rating at AA-, with a negative outlook.