衢州发展(600208) - 2025 Q2 - 季度业绩预告

Current Period Performance Forecast The company anticipates a net profit attributable to shareholders of 210 million yuan for the first half of 2025, an 86% year-on-year decrease; net profit attributable to shareholders after deducting non-recurring gains and losses is projected at 590 million yuan, a 75% year-on-year decline, indicating a significant performance downturn Current Period Performance Forecast (Estimated) | Indicator | H1 2025 (Estimated) (million yuan) | H1 2024 (Prior Period) (million yuan) | YoY Change | | :--- | :--- | :--- | :--- | | Net Profit Attributable to Parent Company Shareholders | 210 | 1,534.68 | -86% | | Net Profit Attributable to Parent Company Shareholders (Excl. Non-recurring Items) | 590 | 2,406.39 | -75% | Prior Period Performance Review In the corresponding period of 2024, the company achieved a net profit attributable to shareholders of 1.535 billion yuan and a net profit attributable to shareholders after deducting non-recurring gains and losses of 2.406 billion yuan, with earnings per share of 0.18 yuan, establishing a high base for current period comparisons Prior Period Operating Performance (H1 2024) | Indicator (H1 2024) | Amount | | :--- | :--- | | Total Profit (million yuan) | 3,563.15 | | Net Profit Attributable to Parent Company Shareholders (million yuan) | 1,534.68 | | Net Profit Attributable to Parent Company Shareholders (Excl. Non-recurring Items) (million yuan) | 2,406.39 | | Earnings Per Share (yuan) | 0.18 | Analysis of Performance Pre-reduction Reasons The significant performance decline is primarily attributed to the cyclical impact on core business operations and a sharp reduction in real estate project settlement revenue, while changes in non-operating gains and losses (reduced fair value change losses and decreased investment income) partially positively impacted net profit Impact of Core Business Due to the cyclical nature of real estate development, a high base was established in the prior period from concentrated delivery of individual projects; current period real estate settlement revenue decreased by approximately 11 billion yuan year-on-year, leading to a corresponding reduction of about 1.73 billion yuan in net profit attributable to parent company shareholders, which is the core reason for the performance decline - The cyclical nature of real estate project deliveries resulted in a decrease of approximately 11 billion yuan in current period settlement revenue compared to the prior year, consequently reducing net profit attributable to parent company shareholders by about 1.73 billion yuan[8] Impact of Non-operating Gains and Losses Total non-operating gains and losses contributed approximately 400 million yuan positively to the company's net profit this period, primarily due to a 750 million yuan year-on-year reduction in fair value change losses, partially offset by a 350 million yuan year-on-year decrease in investment income - The combined impact of changes in non-operating gains and losses on net profit attributable to parent company shareholders for the current period was an increase of approximately 400 million yuan[8] - Fair value change losses decreased by approximately 750 million yuan year-on-year, positively impacting profit[8] - Due to significant asset disposal gains in the prior period, current period investment income decreased by approximately 350 million yuan year-on-year, negatively impacting profit[8] Risk Warning The company emphasizes that this performance forecast is a preliminary estimate based on operating conditions, unaudited, but anticipates no significant uncertainties affecting its accuracy - This performance forecast represents preliminary data and has not been audited by an accounting firm[9] Other Explanatory Matters The company advises investors that the final financial data will be based on the officially disclosed 2025 semi-annual report, and cautions them to be aware of investment risks - The final accurate financial data will be subject to the company's officially disclosed 2025 semi-annual report; investors are advised to be aware of investment risks[10]