航发动力(600893) - 2025 Q2 - 季度业绩预告

Aero Engine Corporation of China (AECC) Power Co., Ltd. 2025 Semi-Annual Performance Forecast Current Period Performance Forecast The company anticipates a significant decline in both net profit attributable to owners of the parent and net profit excluding non-recurring items for the first half of 2025, with net profit expected to be CNY 80 million to CNY 92 million, a year-on-year decrease of 84.53% to 86.55%, and non-recurring net profit projected at CNY 34 million to CNY 46 million, a year-on-year decrease of 91.58% to 93.78% 2025 Semi-Annual Performance Forecast vs. Prior Period | Indicator | 2025 H1 Forecast (CNY Million) | 2024 H1 Actual (CNY Million) | YoY Change | | :--- | :--- | :--- | :--- | | Net Profit Attributable to Shareholders | 80.00 ~ 92.00 | 594.73 | -86.55% ~ -84.53% | | Net Profit Attributable to Shareholders Excluding Non-Recurring Items | 34.00 ~ 46.00 | 546.46 | -93.78% ~ -91.58% | Prior Period Operating Performance and Financials In the first half of 2024, the company achieved a net profit attributable to owners of the parent of CNY 594.73 million, with net profit excluding non-recurring items at CNY 546.46 million, and basic earnings per share of CNY 0.22 2024 Semi-Annual Key Financial Data | Indicator | Amount | | :--- | :--- | | Total Profit (CNY Million) | 765.73 | | Net Profit Attributable to Shareholders (CNY Million) | 594.73 | | Net Profit Attributable to Shareholders Excluding Non-Recurring Items (CNY Million) | 546.46 | | Earnings Per Share (CNY/share) | 0.22 | Main Reasons for Current Period Performance Decline The significant performance decline is primarily due to core business impacts, including revenue and gross profit pressure from fluctuating customer demand, and increased finance costs from higher financing to ensure production amidst slower customer payments; the company plans to address this by enhancing operational efficiency, strengthening cost control, and optimizing financing structure - Revenue Pressure: Due to phased fluctuations in customer demand, the company's operating revenue declined year-on-year, impacting gross margins for some products[6] - Cost Pressure: Slower customer payments led to temporary working capital pressure, increasing the company's financing needs and resulting in a year-on-year rise in finance costs[6] - Mitigation Measures: The company will focus on improving operational efficiency, strengthening cost and expense control, enhancing operating cash flow, and optimizing financing management to bolster core competitiveness[6] Risk Warning The company explicitly states that this performance forecast is a preliminary estimate based on the finance department's professional judgment and has not been audited by a certified public accountant; final accurate financial data will be subject to the officially disclosed 2025 semi-annual report, cautioning investors about investment risks - This performance forecast data is a preliminary estimate, unaudited, and the final results will be based on the official 2025 semi-annual report[7][8]