诺德股份(600110) - 2025 Q2 - 季度业绩预告

Current Period Performance Forecast The company forecasts a net loss for the first half of 2025, significantly reduced from the prior year, with an estimated net loss attributable to shareholders of approximately CNY 70 million 2025 Semi-Annual Performance Forecast | Indicator | Estimated Amount (CNY million) | Year-on-Year Change | | :--- | :--- | :--- | | Net Profit Attributable to Shareholders | Approximately -70.00 | Loss narrowed by approximately 56.00% | | Net Profit Attributable to Shareholders After Non-Recurring Items | Approximately -82.00 | - | - This performance forecast is a preliminary estimate by the company's financial department and has not been audited by a certified public accountant[4] Operating Performance and Financial Status in the Same Period Last Year The company presents its 2024 first-half financial data as a comparative baseline, reporting significant net losses attributable to shareholders and after non-recurring items 2024 Semi-Annual Performance Review | Indicator (2024 Semi-Annual) | Amount (CNY million) | | :--- | :--- | | Total Profit | -167.75 | | Net Profit Attributable to Shareholders | -159.09 | | Net Profit Attributable to Shareholders After Non-Recurring Gains and Losses | -195.08 | | Earnings Per Share | -0.0911 CNY | Main Reasons for Current Period's Estimated Loss The loss primarily stems from compressed profit margins in main business operations due to market oversupply and rising raw material costs, partially offset by non-recurring gains such as government subsidies Impact of Main Business Operations Market oversupply in lithium-ion battery copper foil due to slowing demand and unreleased energy storage demand, coupled with rising raw material costs, compressed profit margins, despite some improvement from high-value-added products - Affected by macroeconomic conditions and trade barriers, the slowdown in power battery demand has led to an oversupply in the lithium-ion copper foil market, intensifying competition and keeping copper foil processing fees low, thereby compressing the company's profit margins[8] - In the first half of 2025, the price of primary raw material copper generally trended upwards, leading to increased production costs for the company[8] - While orders for high-value-added products (e.g., 4-5um copper foil) increased, their contribution to overall profitability improvement was limited due to being in the market introduction phase with insignificant incremental volume, though this factor contributed to the year-on-year narrowing of the company's loss[8] Impact of Non-Recurring Gains and Losses During the reporting period, the company received approximately CNY 12 million in non-recurring gains, primarily from government subsidies, which positively impacted current period profit - Non-recurring gains and losses, including government subsidies recognized in current period profit, amounted to approximately CNY 12 million[9] Risk Warning The company emphasizes that this performance forecast is a preliminary, unaudited estimate by the financial department, subject to potential differences from the final semi-annual report, with no major uncertainties affecting its accuracy - This performance forecast is a preliminary estimate, unaudited by certified public accountants, and the final data will be subject to the official semi-annual report[10][11] Other Explanatory Matters The company advises investors to rely on the officially disclosed 2025 semi-annual report for financial data and to exercise caution in investment decisions, being mindful of investment risks - The company urges investors to make cautious decisions and be aware of investment risks[11]