远东股份(600869) - 2025 Q2 - 季度业绩预告(更正)

Announcement Overview The company anticipates a return to profitability in H1 2025, with net profit for shareholders projected at 120-200 million RMB Key Highlights Far East Smart Energy projects a turnaround to profit for H1 2025, with net profit attributable to shareholders expected between 120-200 million RMB - The company expects to achieve a turnaround to profit in net profit attributable to parent company shareholders for H1 2025[4] Key Performance Indicators for H1 2025 Earnings Forecast | Indicator | Projected Amount (million RMB) | | :--- | :--- | | Net Profit Attributable to Parent Company Shareholders | 120 - 200 | | Net Profit Attributable to Parent Company Shareholders After Non-Recurring Items | 100 - 180 | Details of H1 2025 Earnings Forecast This section details the H1 2025 earnings forecast period, preliminary financial estimates, and its unaudited status Earnings Forecast Period The earnings forecast covers the period from January 1, 2025, to June 30, 2025 - The earnings forecast period is from January 1, 2025, to June 30, 2025[5] Earnings Forecast Details Preliminary calculations project H1 2025 net profit attributable to shareholders between 120-200 million RMB, marking a turnaround to profit H1 2025 Earnings Forecast (Preliminary Calculation) | Indicator | Projected Amount (million RMB) | Year-on-Year Change | | :--- | :--- | :--- | | Net Profit Attributable to Parent Company Shareholders | 120 - 200 | Turnaround to Profit | | Net Profit Attributable to Parent Company Shareholders After Non-Recurring Items | 100 - 180 | - | Audit Status Explanation The earnings forecast data for this period has not been audited by a certified public accountant - This earnings forecast has not been audited by a certified public accountant[5] Review of Prior Period Operating Performance This section reviews the company's H1 2024 key financial performance, highlighting a loss-making situation Key Financial Indicators In H1 2024, the company reported a loss across key financial metrics, including total profit and net profit attributable to shareholders H1 2024 Key Financial Data | Indicator | Amount (million RMB) | | :--- | :--- | | Total Profit | -167.49 | | Net Profit Attributable to Parent Company Shareholders | -129.75 | | Net Profit Attributable to Parent Company Shareholders After Non-Recurring Items | -134.61 | | Earnings Per Share (RMB) | -0.0585 | Primary Reasons for Turnaround to Profit The company's projected turnaround to profit is driven by improved performance in its smart cable network, smart battery, and smart airport businesses Smart Cable Network Business The smart cable network business saw continuous revenue and profit growth, driven by strategic customer focus, optimized products, and enhanced efficiency - Revenue scale and profit continuously increased[7] - Benefited from continuous focus on strategic clients, optimization of product structure/services and business models, strengthened cost control, improved staffing efficiency, and cost reduction initiatives[7] Smart Battery Business The smart battery business achieved continuous revenue growth and significant loss reduction, driven by strategic client collaboration, increased capacity utilization, and project deployment - Revenue scale continuously increased, and losses significantly reduced[7] - Benefited from continuously strengthened strategic client cooperation, significantly increased capacity utilization, and ongoing implementation of residential, commercial, and grid-side energy storage projects[7] - Achieved through optimizing product structure/services and business models, strengthening cost control, improving staffing efficiency, and implementing cost reduction initiatives[7] Smart Airport Business The smart airport business achieved continuous revenue and profit growth, driven by increased orders, rapid delivery, and lean project management - Revenue scale and profit continuously increased[7] - Benefited from a substantial year-on-year increase in orders and rapid delivery, strengthened lean project management, and cost reduction initiatives[7] Risk Warning This section addresses potential risks related to the accuracy of the earnings forecast Accuracy Risk of Earnings Forecast The company asserts no significant uncertainties exist that could impact the accuracy of this earnings forecast - The company confirms no significant uncertainties exist that could affect the accuracy of this earnings forecast[8] Other Explanatory Matters This section provides disclaimers on the preliminary nature of forecast data and advises investors on associated risks Important Notice and Disclaimer Forecast data is preliminary; final figures will be in the H1 2025 semi-annual report, and investors should note investment risks - The forecast data is preliminary, and final financial figures will be based on the 2025 semi-annual report[9] - Investors are advised to be aware of investment risks[9]