双良节能(600481) - 2025 Q2 - 季度业绩预告

Current Period Performance Forecast (2025 Semi-Annual) The company anticipates a net loss for the first half of 2025, with a significant reduction in the loss amount compared to the same period last year, projecting net profit attributable to shareholders between -650 million RMB and -500 million RMB 2025 Semi-Annual Performance Forecast | Item | Estimated Amount (RMB Millions) | | :--- | :--- | | Net Profit Attributable to Shareholders | -650 to -500 | | Net Profit After Non-Recurring Gains and Losses | -670 to -520 | - This performance forecast covers the period from January 1, 2025, to June 30, 2025[5] - The company explicitly states that these forecast figures are preliminary calculations by the finance department and have not been audited by a certified public accountant[4][5] Prior Period Performance Review (2024 Semi-Annual) The company recorded a significant loss in the same period of 2024, with net profit attributable to shareholders at -1,257.35 million RMB, indicating a substantial year-on-year reduction in the projected loss for the first half of 2025 2024 Semi-Annual Performance Data | Item | Amount (RMB) | | :--- | :--- | | Net Profit Attributable to Shareholders | -1,257.3526 million | | Net Profit After Non-Recurring Gains and Losses | -1,400.3208 million | | Earnings Per Share | -0.6721 | - Compared to the same period in 2024, the projected net loss for the first half of 2025 (between -650 million RMB and -500 million RMB) is expected to narrow by approximately 48.3% to 60.2% year-on-year, indicating an improvement in operational performance[4][7] Analysis of Performance Changes and Outlook for the Current Period The loss is primarily attributed to the photovoltaic monocrystalline silicon business, which constitutes a significant portion of the main operations, as market demand fluctuated due to policy impacts, leading to a second-quarter slowdown and price declines across the PV industry chain that compressed profit margins; the company plans to focus on lean operations, leverage its energy and water-saving equipment business, and seize domestic and international market opportunities in the second half of the year - Core Reason: The company's performance loss is primarily due to the overall decline in profitability of its photovoltaic monocrystalline silicon business, which accounts for a significant proportion of its main operations[8] - Market Environment Impact: - Domestic photovoltaic market demand experienced a temporary surge influenced by National Document No. 136[8] - In the second quarter, as "rush installation" demand subsided, market demand slowed, leading to continuous price declines across all segments of the photovoltaic industry chain[8] - Second Half Strategic Outlook: - Maintain lean operations, leveraging the energy and water-saving equipment business as a stable foundation[8] - Closely monitor domestic and international photovoltaic and new energy equipment market trends to flexibly seize opportunities[8] - Persist in technological upgrading and innovation to enhance annual operational quality[8] Risk Warning and Other Disclosures The company confirms no significant uncertainties currently exist that could affect the accuracy of this performance forecast, while emphasizing that the preliminary, unaudited figures are subject to change, with final data to be based on the officially disclosed semi-annual report, cautioning investors about investment risks - The company states that there are currently no significant uncertainties affecting the accuracy of this performance forecast[9] - The company repeatedly emphasizes that the forecast data are preliminary calculations and unaudited, with the final accurate financial data subject to the company's officially disclosed 2025 semi-annual report[9][10]