恒生电子(600570) - 2025 Q2 - 季度业绩预告

Key Highlights The company forecasts significant net profit growth for H1 2025, despite a decline in operating revenue and total operating costs Key Financial Indicators for H1 2025 Performance Forecast | Indicator | Estimated Amount (100 million CNY) | Year-on-Year Change (100 million CNY) | Year-on-Year Growth Rate | | :--------------------------------- | :-------------- | :-------------- | :----------- | | Net Profit Attributable to Shareholders | 2.51 | increase by approx. 2.21 | approx. 740.95% | | Net Profit Excluding Non-recurring Gains and Losses | 1.83 | increase by approx. 0.48 | approx. 35.30% | | Impact of Non-recurring Gains and Losses on Net Profit | 0.68 | - | - | | Operating Revenue | 24.22 | decrease by approx. 4.14 | approx. -14.59% | | Total Operating Costs | 23.86 | decrease by approx. 3.86 | approx. -13.91% | Current Period Performance Forecast This section details the performance forecast for the current period, including the forecast duration, key financial figures, and the unaudited status of the data Performance Forecast Period This performance forecast covers the period from January 1, 2025, to June 30, 2025 - The performance forecast period is from January 1, 2025, to June 30, 2025[4] Performance Forecast Details The company anticipates a significant increase in net profit attributable to shareholders for H1 2025, despite declines in operating revenue and total operating costs H1 2025 Performance Forecast Financial Data | Indicator | Estimated Amount (100 million CNY) | Year-on-Year Change (100 million CNY) | Year-on-Year Growth Rate | | :--------------------------------- | :-------------- | :-------------- | :----------- | | Net Profit Attributable to Shareholders | 2.51 | increase by approx. 2.21 | approx. 740.95% | | Net Profit Excluding Non-recurring Gains and Losses | 1.83 | increase by approx. 0.48 | approx. 35.30% | | Impact of Non-recurring Gains and Losses on Net Profit | 0.68 | - | - | | Operating Revenue | 24.22 | decrease by approx. 4.14 | approx. -14.59% | | Total Operating Costs | 23.86 | decrease by approx. 3.86 | approx. -13.91% | Unaudited Data Statement The performance forecast data has not been audited by a certified public accountant - This performance forecast data has not been audited by a certified public accountant[5] Prior Period Performance This section reviews the company's key financial indicators and earnings per share for the same period last year Key Financial Indicators For H1 2024, the company's total profit, net profit attributable to shareholders, and net profit excluding non-recurring gains and losses were all at low levels H1 2024 Key Financial Indicators | Indicator | Amount (CNY) | | :--------------------------------- | :-------------- | | Total Profit | 17,806,804.95 | | Net Profit Attributable to Shareholders | 29,890,250.55 | | Net Profit Attributable to Shareholders Excluding Non-recurring Gains and Losses | 135,589,813.95 | Earnings Per Share The company's earnings per share for H1 2024 was 0.02 CNY H1 2024 Earnings Per Share | Indicator | Amount (CNY/share) | | :--- | :----------- | | Earnings Per Share | 0.02 | Main Reasons for Current Period Performance Changes This section explains the primary factors contributing to the changes in operating revenue and net profit for the current period Reasons for Operating Revenue Decline The decline in operating revenue is primarily due to tighter IT budgets in financial institutions, increased market competition, extended customer procurement cycles, and the company's proactive business structure optimization - Market conditions led to a general tightening of IT budgets in financial institutions, resulting in reduced customer demand[7] - Increased market competition led to a significant extension of customer procurement cycles[7] - The company proactively optimized its business structure, strategically scaling back some non-core businesses[7] Reasons for Net Profit Growth Net profit growth is mainly attributed to a low base in the prior period, a significant increase in non-recurring gains and losses (especially due to changes in investment accounting treatment), and increased investment income from associates - A low net profit base in the prior period[7] - Non-recurring gains and losses for the current period significantly increased by approximately 170 million CNY year-on-year, primarily due to changes in the accounting treatment of shares in Yingshisheng and StarRocks Technology, which no longer impact the current income statement[7] - Increased investment income contributed by the company's associates[7] Risk Warning This section highlights key risks, including the reliance on non-recurring gains for net profit growth and the unaudited nature of the forecast data - The significant increase in net profit attributable to shareholders for the current period primarily stems from contributions from non-recurring gains and losses[8] - The estimated performance data has not been audited by a certified public accountant, and no special report has been issued by the certified public accountant[9] - After preliminary calculations, the company believes there are no significant uncertainties affecting the accuracy of this performance forecast[9] Other Explanatory Matters This section clarifies that the forecast data is preliminary and advises investors to exercise caution - This forecast data is based on preliminary calculations only, and the final financial data will be subject to the company's officially disclosed H1 2025 report[10] - Investors are reminded to be aware of investment risks[10]