亿晶光电(600537) - 2025 Q2 - 季度业绩预告

Yijing Optoelectronic 2025 Semi-Annual Pre-Loss Announcement Current Period Performance Forecast The company forecasts a net loss for H1 2025, with parent net profit estimated between -CNY 120 million and -CNY 160 million Current Period Performance Forecast | Performance Indicator | Estimated Amount (Million CNY) | | :--- | :--- | | Net Profit Attributable to Owners of the Parent Company | -120 to -160 | | Net Profit Attributable to Owners of the Parent Company Excluding Non-Recurring Gains and Losses | -119 to -159 | - This performance forecast data is a preliminary estimate by the company's finance department and has not yet been audited by a certified public accountant[4] Prior Period Performance Review In H1 2024, the company reported a loss, with parent net profit at -CNY 470 million and basic EPS at -CNY 0.39 Prior Period Performance Review | Performance Indicator (H1 2024) | Amount (CNY) | | :--- | :--- | | Total Profit | -535 Million | | Net Profit Attributable to Owners of the Parent Company | -470 Million | | Net Profit Attributable to Owners of the Parent Company Excluding Non-Recurring Gains and Losses | -474 Million | | Earnings Per Share | -0.39 /share | Analysis of Current Period Performance Change Despite industry decline, the company significantly reduced its loss by 66-75% year-over-year through improved efficiency and cost control - External factors contributing to the loss include accelerated release of previously expanded photovoltaic industry capacity, leading to product inventory buildup, supply-demand mismatch, intensified market competition, and a decline in overall industry gross profit and profitability[6] - Internal factors for performance improvement include the company's continuous efforts in enhancing operational efficiency, refining expense control, and developing diversified businesses, leading to a significant reduction in losses compared to the prior year[6] Year-over-Year Change Expectation | Performance Indicator | Year-over-Year Change Expectation (%) | | :--- | :--- | | Net Profit Attributable to Parent Company | Loss Reduction 65.96 to 74.47 | | Net Profit Attributable to Parent Company Excluding Non-Recurring Gains and Losses | Loss Reduction 66.46 to 74.89 | - Future outlook includes the company's plans to continuously promote cost reduction and efficiency improvement, revitalize assets, and focus on innovative green energy businesses to ensure sustainable development[6] Risk Warning The company faces significant risks from potential control change due to judicial share auction and financial impacts from multiple subsidiary lawsuits Risk of Change in Control Judicial auction of Weizhi Energy's 200 million shares (16.90% of total capital) by late July 2025 poses a control change risk, impacting governance and operations - The entire 200 million shares of the company held by controlling shareholder Shenzhen Weizhi Energy Co., Ltd. (representing 16.90% of total share capital) have been successively frozen and are scheduled for public auction from July 30 to 31, 2025[7] - Due to the uncertainty of the auction results, the company's control may change, which could significantly impact its equity structure, production and operations, and corporate governance[7] Litigation Risk Company subsidiaries face 35 lawsuits/arbitrations, with ~CNY 135M as defendants/respondents, and final financial impact is uncertain due to pending judgments Litigation Cases | Litigation Role | Number of Cases | Amount Involved (Million CNY) | | :--- | :--- | :--- | | As Plaintiff/Applicant | 6 | 21.54 | | As Defendant/Respondent | 29 | 134.86 | | Total | 35 | - | - As some cases are still pending judgment, the specific financial impact of the litigation outcomes on the company cannot yet be determined, and the company will process them in accordance with accounting standards[9] Other Explanations This performance forecast is preliminary; final accurate financial data will be in the 2025 semi-annual report, cautioning investors about investment risks - The above forecast data is preliminary, and the final accurate financial data will be subject to the company's officially disclosed 2025 semi-annual report[10]