皇朝家居（01198）3月23日披露盈利警告称，经董事会对集团截至2025年12月31日止年度的最新未经审计综合管理账目进行初步审阅，预计期内将录得净亏损约人民币5.8亿至7.3亿元；而上一财年同期亏损约为3.48亿元。\n\n公司指出，亏损扩大的主要原因包括：\n1. 受宏观经济环境及整体市场需求走弱影响，家具产品经营利润下滑；\n2. 房地产行业周期性调整传导，导致家装业务结算毛利大幅下降；\n3. 贸易应收款项、其他应收款项及存货的一般拨备增加；\n4. 投资物业出现重估亏损；\n5. 应占联营公司亏损增加；\n6. 融资成本上升。\n\n皇朝家居表示，相关数据基于目前可获得资料及未经审计的管理账目，最终经审核的年度业绩或与上述估算存在差异。公司计划按照上市规则要求，于2026年3月公布完整年度业绩报告。\n\n公司提醒股东及潜在投资者在买卖公司股份时保持审慎。
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