龙元建设(600491) - 2025 Q2 - 季度业绩预告

Longyuan Construction 2025 Semi-Annual Performance Forecast Core Summary of Performance Forecast The company expects to turn profitable in H1 2025, with net profit attributable to shareholders projected between RMB 60 million and RMB 90 million, primarily due to non-recurring asset disposal gains; however, net profit from core operations after non-recurring items remains a loss, though narrowed year-on-year 2025 H1 Performance Forecast vs. Prior Year | Indicator | 2025 H1 Estimated (RMB million) | 2024 H1 Actual (RMB million) | | :--- | :--- | :--- | | Net Profit Attributable to Shareholders | 60 to 90 | -203.10 | | Net Profit Excluding Non-Recurring Items | -180 to -150 | -247.40 | Details of Current Period Performance Forecast The company's finance department estimates H1 2025 net profit attributable to shareholders to be between RMB 60 million and RMB 90 million, while net profit excluding non-recurring items is projected to be a loss of RMB 150 million to RMB 180 million 2025 H1 Performance Forecast Range | Forecast Indicator | Forecast Amount Range (RMB) | | :--- | :--- | | Net Profit Attributable to Shareholders | Approx. RMB 60 million to RMB 90 million | | Net Profit Excluding Non-Recurring Items | Approx. -RMB 180 million to -RMB 150 million | Review of Prior Year Performance In H1 2024, the company reported a net loss attributable to shareholders of RMB 203.10 million, a net loss of RMB 247.40 million after non-recurring items, and basic earnings per share of -RMB 0.13 2024 H1 Key Financial Data | Indicator | Amount (RMB) | | :--- | :--- | | Net Profit Attributable to Shareholders | -RMB 203.10 million | | Net Profit Excluding Non-Recurring Items | -RMB 247.40 million | | Earnings Per Share | -RMB 0.13/share | Analysis of Performance Change Reasons The core driver for the current period's turnaround to profitability is the recognition of asset disposal gains from land and building expropriation, classified as non-recurring income; concurrently, core business net profit remains a loss due to reduced new orders and lower revenue influenced by macroeconomics and industry conditions, though the loss narrowed year-on-year - Net profit attributable to shareholders turned profitable, primarily due to the government expropriation of land and buildings belonging to its wholly-owned subsidiary, Zhejiang Dadi Steel Structure Co., Ltd., leading to the recognition of corresponding asset disposal gains[4][5] - Net profit excluding non-recurring items remained a loss, mainly due to reduced new orders and lower operating revenue influenced by macroeconomic and industry conditions; however, the loss amount decreased year-on-year through the reduction of related expenses[5] Risk Warning and Other Notes The company explicitly states this performance forecast is based on preliminary professional judgment by the finance department and is unaudited by certified public accountants; final accurate financial data will be subject to the company's officially disclosed 2025 semi-annual report, and investors are advised to be aware of related investment risks - This performance forecast is a preliminary calculation by the company's finance department, unaudited, and subject to uncertainty[6] - The final accurate financial data will be based on the company's officially disclosed 2025 semi-annual report; investors are advised to pay attention to investment risks[7]