岩石股份(600696) - 2025 Q2 - 季度业绩预告

Important Content Reminder The company anticipates continued losses for H1 2025 with a narrowed net loss, and its stock has been flagged with a delisting risk warning (*ST) due to 2024 performance Key Financial Forecasts for H1 2025 | Metric | 2025 H1 Estimate (CNY) | YoY Change (%) | | :--- | :--- | :--- | | Net Profit Attributable to Shareholders | -50 million to -75 million | Loss reduction of 3.07 to 35.38 | - The company's stock has been subject to a *delisting risk warning (ST) since April 23, 2025, due to negative audited net profit and revenue below 300 million CNY in 2024[3] Details of Current Period Performance Forecast The company's preliminary estimates for H1 2025 project a net loss attributable to shareholders of 50-75 million CNY and a net loss after non-recurring items of 30-45 million CNY, both showing significant year-over-year loss reductions H1 2025 Financial Performance Forecast | Financial Metric | 2025 H1 Estimate (CNY) | YoY Change (%) | | :--- | :--- | :--- | | Net Profit Attributable to Shareholders | -50.00 million to -75.00 million | Loss reduction of 3.07 to 35.38 | | Net Profit After Non-recurring Items | -30.00 million to -45.00 million | Loss reduction of 42.60 to 61.73 | - This performance forecast data has not been audited by a certified public accountant[4] Review of Prior Period Performance H1 2024 results, including a net loss attributable to shareholders of 77.38 million CNY and a net loss after non-recurring items of 78.39 million CNY, provide a comparative baseline for the current period's forecast H1 2024 Key Financial Performance | Financial Metric (H1 2024) | Amount (CNY) | | :--- | :--- | | Total Profit | -47.66 million | | Net Profit Attributable to Shareholders | -77.38 million | | Net Profit After Non-recurring Items | -78.39 million | | Earnings Per Share | -0.23 | Analysis of Current Period Performance Changes Continued losses in H1 2025 are attributed to a slower baijiu industry recovery, internal financial and legal issues impacting revenue, and increased litigation-related expenses - Industry Level: The baijiu industry's recovery fell short of expectations, with insufficient consumption growth momentum, slowed terminal sales, inverted product pricing, an industry-wide destocking cycle, and increased pressure on small and medium-sized liquor companies[7] - Company Level: Since late 2023, the company has faced financial pressure, inability to fulfill rebates, and reduced market investment Coupled with the controlling shareholder being subject to mandatory measures and the controlling shareholder's equity being judicially frozen, dealer relationships have been strained, leading to a continuous decline in operating revenue[7] - Financial Level: In H1 2025, the company successively received lawsuits from banks and suppliers, leading to increased expenses such as overdue interest, which negatively impacted current period profit and loss[7] Risk Warning This performance forecast is based on preliminary financial judgment and remains unaudited, cautioning investors about inherent uncertainties - This performance forecast represents the company's finance department's preliminary calculations and has not yet been audited by a certified public accountant, thus its accuracy is subject to uncertainty[8] Other Explanatory Notes The company stresses that forecast data is preliminary, with final accurate figures to be based on the officially disclosed H1 2025 semi-annual report, urging cautious investor decisions - The final accurate financial data will be subject to the company's officially disclosed H1 2025 semi-annual report, and investors are advised to make cautious decisions and be aware of investment risks[9]