重庆港(600279) - 2025 Q2 - 季度业绩预告

Chongqing Port Co., Ltd. 2025 Semi-Annual Performance Pre-reduction Announcement Performance Forecast Summary Chongqing Port anticipates a significant decline in H1 2025 net profit attributable to shareholders to RMB 4-6 million (88-93% YoY decrease), driven by increased depreciation and reduced government subsidies, with adjusted comparative data 2025 Semi-Annual Performance Forecast Core Data (Retrospectively Adjusted) | Indicator | 2025 Semi-Annual Forecast | 2024 Semi-Annual (Retrospectively Adjusted) | YoY Change | | :--- | :--- | :--- | :--- | | Net Profit Attributable to Parent Company Shareholders (RMB Million) | 4 - 6 | 58.9359 | ↓ 89.82% to 93.21% | | Net Profit Attributable to Parent Company Shareholders (Excluding Non-recurring Items) (RMB Million) | 1.6 - 3.6 | 31.1298 | ↓ 88.44% to 94.86% | - The company acquired 68% equity of Chongqing Sushang Port Logistics Co., Ltd. in September 2024, which is a business combination under common control, leading to retrospective adjustments to the prior period's financial statements[2][3] Details of Current Period Performance Forecast This section details H1 2025 performance forecasts, comparing them with prior year's data (both adjusted and unadjusted), indicating significant YoY declines in net profit attributable to shareholders, and notes the preliminary, unaudited nature of the forecast 2025 Semi-Annual Performance Forecast vs. Prior Year (Before Adjustment) | Indicator | 2025 Semi-Annual Forecast | 2024 Semi-Annual (Before Adjustment) | YoY Change | | :--- | :--- | :--- | :--- | | Net Profit Attributable to Parent Company Shareholders (RMB Million) | 4 - 6 | 48.8496 | ↓ 87.72% to 91.81% | | Net Profit Attributable to Parent Company Shareholders (Excluding Non-recurring Items) (RMB Million) | 1.6 - 3.6 | 31.1298 | ↓ 88.44% to 94.86% | 2025 Semi-Annual Performance Forecast vs. Prior Year (After Adjustment) | Indicator | 2025 Semi-Annual Forecast | 2024 Semi-Annual (After Adjustment) | YoY Change | | :--- | :--- | :--- | :--- | | Net Profit Attributable to Parent Company Shareholders (RMB Million) | 4 - 6 | 58.9359 | ↓ 89.82% to 93.21% | | Net Profit Attributable to Parent Company Shareholders (Excluding Non-recurring Items) (RMB Million) | 1.6 - 3.6 | 31.1298 | ↓ 88.44% to 94.86% | - The performance forecast period is from January 1, 2025, to June 30, 2025[4] - This performance forecast is a preliminary estimate by the company based on its operating conditions and has not been audited by an accounting firm[5][6] Review of Prior Year's Performance This section reviews H1 2024 key financial data, including pre- and post-acquisition adjustment figures, showing net profit attributable to shareholders increased from RMB 48.85 million to RMB 58.94 million and EPS from RMB 0.0412 to RMB 0.0497 after adjustment 2024 Semi-Annual Performance (Before and After Adjustment Comparison) | Indicator | Before Adjustment Data | Retrospectively Adjusted Data | | :--- | :--- | :--- | | Total Profit (RMB Million) | 111.2798 | 128.9006 | | Net Profit Attributable to Parent Company Shareholders (RMB Million) | 48.8496 | 58.9359 | | Net Profit Attributable to Parent Company Shareholders (Excluding Non-recurring Items) (RMB Million) | 31.1298 | 31.1298 | | Earnings Per Share (RMB) | 0.0412 | 0.0497 | Analysis of Main Reasons for Performance Pre-reduction The company attributes the significant performance decline to increased depreciation and amortization from construction in progress converting to fixed assets, and a substantial reduction in government subsidies received - Core business impact: Construction in progress converted to fixed assets, leading to a significant year-on-year increase in depreciation and amortization expenses[8] - Non-operating income impact: The amount of government subsidies received in the current period significantly decreased compared to the prior period[8] Risk Warning and Other Notes The company emphasizes this unaudited preliminary performance forecast is not expected to have significant accuracy uncertainties, with final data subject to the 2025 semi-annual report, advising investors of investment risks - The company states that this performance forecast is a preliminary estimate, unaudited, but no significant uncertainties are expected to affect its accuracy[9] - The final accurate financial data will be based on the company's officially disclosed 2025 semi-annual report, reminding investors to be aware of risks[10]