福莱特(601865) - 2025 Q2 - 季度业绩预告

Flat Glass Group Co., Ltd. 2025 Half-Year Performance Pre-announcement Key Performance Forecast Highlights Flat Glass Group Co., Ltd. forecasts a significant year-on-year decline in net profit attributable to shareholders by 81.32% to 84.66% and non-recurring net profit by 83.45% to 86.82% for the first half of 2025 2025 Half-Year Performance Forecast | Indicator | Estimated Amount (RMB) | Year-on-Year Change | | :--- | :--- | :--- | | Net Profit Attributable to Parent Company Shareholders | 230 million - 280 million yuan | ↓ 81.32% - 84.66% | | Net Profit Attributable to Parent Company Shareholders Excluding Non-Recurring Items | 195 million - 245 million yuan | ↓ 83.45% - 86.82% | Details of Current Period Performance Forecast The company's preliminary forecast for H1 2025 shows a significant year-on-year decrease in both net profit and non-recurring net profit, with all data unaudited 2025 Half-Year Performance Forecast Details (Compared to Prior Year) | Indicator | 2025 H1 Estimated (RMB) | Decrease from Prior Year (RMB) | Year-on-Year Decline | | :--- | :--- | :--- | :--- | | Net Profit Attributable to Parent | 230 million - 280 million yuan | 1.219 billion - 1.269 billion yuan | 81.32% - 84.66% | | Non-Recurring Net Profit Attributable to Parent | 195 million - 245 million yuan | 1.235 billion - 1.285 billion yuan | 83.45% - 86.82% | - This performance forecast represents the company's preliminary estimate based on operating conditions, and the related data has not been audited by a certified public accountant[4] Prior Year (2024 H1) Performance Review In H1 2024, the company achieved net profit attributable to parent company shareholders of 1.499 billion yuan, non-recurring net profit of 1.480 billion yuan, and basic earnings per share of 0.64 yuan, serving as the comparison basis for this forecast 2024 Half-Year Key Financial Data | Indicator | Amount (RMB) | | :--- | :--- | | Total Profit | 1.712 billion yuan | | Net Profit Attributable to Parent Company Shareholders | 1.499 billion yuan | | Net Profit Attributable to Parent Company Shareholders Excluding Non-Recurring Items | 1.480 billion yuan | | Earnings Per Share | 0.64 yuan | Analysis of Performance Decline Reasons The significant performance decline is primarily attributed to deteriorating market conditions, including overcapacity and intensified competition in the photovoltaic glass sector, coupled with asset impairment provisions - Market Factors: Overcapacity and intensified competition in the photovoltaic industry led to a significant year-on-year decrease in solar glass sales prices in H1 2025, resulting in a substantial decline in sales revenue and net profit[7] - Cost and Efficiency: Decreased procurement costs for key raw materials (soda ash, quartz sand) and the implementation of technological innovations and efficiency improvement measures partially offset the adverse impact of price reductions[7] - Asset Impairment: The company recognized asset impairment provisions for glass kilns undergoing cold repair and certain solar glass inventory, further impacting current period profit[7] - Company Self-Assessment: Despite the performance decline, the company emphasizes its strong comprehensive competitive advantage in the solar glass sector, healthy balance sheet, and ample cash reserves, committing to focus on its core business and enhance core competitiveness[7] Risk Warning and Other Notes The company states no significant uncertainties currently affect the accuracy of this performance forecast, reminding investors that these are preliminary results and final financial data will be based on the official 2025 half-year report - The company confirms no significant uncertainties currently affect the accuracy of this performance forecast[8] - Final financial data will be based on the company's officially disclosed 2025 half-year report, cautioning investors about investment risks[9]