上工申贝(600843) - 2025 Q2 - 季度业绩预告

Current Period Performance Forecast The company anticipates a shift from profit to loss in H1 2025, with net profit attributable to parent company shareholders expected to be a loss of RMB 63 million to RMB 78 million, and a loss of RMB 85 million to RMB 100 million after deducting non-recurring gains and losses 2025 Semi-Annual Performance Forecast (H1 2025 Forecast) | Metric | Estimated Amount (RMB) | | :--- | :--- | | Net Profit Attributable to Parent Company Shareholders | -RMB 63 million to -RMB 78 million | | Net Profit Attributable to Parent Company Shareholders After Deducting Non-Recurring Gains and Losses | -RMB 85 million to -RMB 100 million | Prior Period Performance Review In stark contrast to the 2025 forecast, the company achieved profitability in the same period of 2024, with net profit attributable to parent company shareholders at RMB 45.9445 million, and RMB 21.7704 million after deducting non-recurring gains and losses, resulting in earnings per share of RMB 0.0648 2024 Semi-Annual Performance (H1 2024 Actual) | Metric | Amount (RMB) | | :--- | :--- | | Net Profit Attributable to Parent Company Shareholders | RMB 45.9445 million | | Net Profit Attributable to Parent Company Shareholders After Deducting Non-Recurring Gains and Losses | RMB 21.7704 million | | Earnings Per Share | RMB 0.0648 | Analysis of Performance Pre-Loss Reasons The core reason for the shift from profit to loss is poor overseas business operations, particularly losses in European sewing machine and US general aviation businesses, with domestic profits insufficient to offset foreign losses, alongside a year-over-year decrease in non-recurring gains and losses Impact of Core Business Operations Core business losses stem from two overseas subsidiaries: Germany's DA company due to reduced orders and declining gross margins from weak European automotive and leather markets and high costs, and US SGIA company's ongoing losses from business integration and production recovery investments, with the company implementing cost-reduction measures in Europe - European subsidiary (DA company) experienced a sharp decline in high-margin product orders since H2 2024, leading to insufficient capacity utilization and significant gross margin reduction, due to weak demand in downstream markets (automotive manufacturing, leather processing) and high energy and raw material prices[6] - US subsidiary (SGIA company)'s general aviation business remains in a period of integration and production recovery, coupled with investments supporting domestic base construction, resulting in an operating loss for this business[6] - The company has implemented workforce reduction, integration, and cost-efficiency measures in its European operations, with related expenses impacting current period earnings[6] Impact of Non-Operating Gains and Losses Non-recurring gains and losses for the current period decreased by approximately RMB 2 million year-over-year, primarily due to a reduction in gains from the disposal of financial assets held for trading, partially offset by an increase in equity disposal gains - Non-recurring gains and losses decreased by approximately RMB 2 million compared to the same period last year, primarily due to a combination of reduced gains from the disposal of financial assets held for trading and increased gains from equity disposal[6] Risk Warning The company explicitly states that this performance forecast is a preliminary financial department calculation, unaudited by a certified public accountant, with no significant uncertainties currently identified that would affect its accuracy - This performance forecast represents the company's financial department's preliminary calculation and has not been audited[7] Other Explanations The company advises investors that the final accurate financial data will be based on the officially disclosed 2025 semi-annual report, urging investors to be mindful of investment risks - Final financial data will be subject to the company's officially disclosed 2025 semi-annual report, and investors are reminded to be aware of investment risks[8]