宏达股份(600331) - 2025 Q2 - 季度业绩预告

Current Period Performance Forecast The company forecasts a net loss for H1 2025, with attributable net profit expected between -65 million and -75 million yuan Estimated Financial Performance | Metric | Estimated Amount (RMB) | | :--- | :--- | | Net Profit Attributable to Parent Company Shareholders | -65 million to -75 million yuan | | Net Profit Attributable to Parent Company Shareholders After Deducting Non-Recurring Gains and Losses | -68 million to -78 million yuan | Prior Period Performance Review The company achieved profitability in the prior year's same period, with attributable net profit reaching 58.34 million yuan H1 2024 Financial Performance | Metric | H1 2024 Amount (RMB) | | :--- | :--- | | Total Profit | 60.22 million yuan | | Net Profit Attributable to Parent Company Shareholders | 58.34 million yuan | | Net Profit Attributable to Parent Company Shareholders After Deducting Non-Recurring Gains and Losses | 56.37 million yuan | | Earnings Per Share | 0.0287 yuan | Primary Reasons for Current Period's Projected Loss The projected loss is primarily due to adverse market conditions and rising costs impacting core business operations Non-Ferrous Zinc Smelting Business The zinc smelting business incurred significant losses due to declining zinc prices, cost inversion, and rising raw material costs - Affected by domestic zinc capacity release and weakening downstream demand, 0 zinc ingot prices fell from 25,800 yuan/ton at the beginning of the year to a low of 21,950 yuan/ton in June[10] - High-priced raw material inventory at the beginning of the year resulted in higher product costs, leading to a cost inversion where sales prices were lower than costs[10] - Zinc concentrate processing fees, though recovering, remained low, and rising raw material procurement costs negatively impacted operations[10] Natural Gas Chemical Business The natural gas chemical business incurred losses due to intensified market competition, declining prices, and rising production costs - Synthetic ammonia selling prices decreased by 368 yuan/ton, a 14.24% year-on-year decline[10] - The primary reasons include increased supply due to lower coal-based synthetic ammonia costs and market impact from lower-than-expected urea exports[10] - Prices of production factors such as natural gas and electricity increased year-on-year, leading to higher production costs[10] Phosphatic Chemical Business The phosphatic chemical business experienced profit decline due to sluggish market demand and soaring sulfur raw material costs - Due to sluggish market demand, the company's compound fertilizer product sales volume, selling prices, and gross margin all declined[11] - The price of the main raw material, sulfur, increased by 1,115 yuan/ton year-on-year, a surge of 107.73%, leading to a sharp rise in production costs[11] - Sales of refined monoammonium phosphate (MAP) decreased year-on-year due to export policy restrictions and intensified domestic competition[11] Risk Warning The company advises that performance forecast data are preliminary, with final figures based on the official 2025 semi-annual report - The forecast data provided are preliminary, and the final accurate financial figures will be based on the company's officially disclosed 2025 semi-annual report[12]