德邦股份(603056) - 2025 Q2 - 季度业绩预告

Key Highlights The company announced a pre-reduction in performance, expecting a significant year-on-year decrease of 84.26% to 87.86% in net profit attributable to shareholders for H1 2025, with non-recurring net profit turning from profit to loss, decreasing by 119.77% to 125.84% year-on-year Key Financial Indicators (H1 2025 Forecast) | Indicator | H1 2025 Forecast | Year-on-Year Change | | :--- | :--- | :--- | | Net Profit Attributable to Shareholders | RMB 40.40 million - RMB 52.40 million | ↓ 84.26% - 87.86% | | Non-recurring Net Profit Attributable to Shareholders | -RMB 51.07 million - -RMB 39.07 million | ↓ 119.77% - 125.84% | Details of Current Period Performance Forecast The company's finance department preliminarily estimates H1 2025 net profit attributable to shareholders to be between RMB 40.40 million and RMB 52.40 million, with non-recurring net profit expected to be a loss of -RMB 51.07 million to -RMB 39.07 million; this is a preliminary, unaudited estimate H1 2025 Performance Forecast | Project | H1 2025 Estimated Amount (million yuan) | Decrease from Prior Year (million yuan) | Year-on-Year Change | | :--- | :--- | :--- | :--- | | Net Profit Attributable to Shareholders | 40.40 to 52.40 | 280.51 to 292.51 | -84.26% to -87.86% | | Non-recurring Net Profit Attributable to Shareholders | -51.07 to -39.07 | 236.67 to 248.67 | -119.77% to -125.84% | - This performance forecast is a preliminary estimate by the company's finance department and has not been audited by a certified public accountant[5] Prior Period Performance Review In H1 2024, the company achieved net profit attributable to shareholders of RMB 332.91 million, non-recurring net profit of RMB 197.61 million, and earnings per share of RMB 0.33, providing a high base for the significant decline in the current period's performance H1 2024 Financial Performance | Indicator (H1 2024) | Amount | | :--- | :--- | | Net Profit Attributable to Shareholders | RMB 332.91 million | | Non-recurring Net Profit Attributable to Shareholders | RMB 197.61 million | | Earnings Per Share | RMB 0.33 | Analysis of Performance Pre-reduction Reasons Despite an expected revenue growth of over 10% year-on-year, the performance decline is primarily due to external macroeconomic pressures leading to price reductions and the company's increased strategic investments in human resources, operations, and technology to enhance customer experience, resulting in a greater decrease in unit price than in unit cost, creating short-term profitability pressure - During the reporting period, the company expects to achieve operating revenue of approximately RMB 20.6 billion, representing a year-on-year growth of over 10%, indicating continued business expansion[8] External Environmental Impact Influenced by the macroeconomic environment, logistics demand from upstream manufacturing and trade enterprise clients has decreased, while their cost control requirements have intensified, leading to downward price pressure across the logistics industry - External negative factors include: - Reduced logistics demand from upstream manufacturing and trade enterprise clients - Increased client demand for logistics cost control - Downward price pressure across the entire logistics industry[9] Internal Strategy Adjustments and Investments To enhance customer experience, the company increased resource allocation for Spring Festival operations, last-mile delivery, transit processes, and sales services, including adding frontline staff, upgrading delivery tools (four-wheel vehicles, tail-lift trucks), introducing advanced technologies like smart heavy trucks and unmanned forklifts, and strengthening key account service teams - The company, guided by a "customer-centric" philosophy, increased resource investment across multiple segments to strengthen its operational foundation: - Spring Festival operations: Increased frontline personnel retention and resource allocation to ensure service stability - Last-mile delivery: Increased the number of four-wheel vehicles and tail-lift trucks, empowering partners to enhance coverage in remote areas - Transit processes: Introduced technologies and equipment such as smart heavy trucks, unmanned forklifts, and cage vehicles to improve timeliness and quality - Sales services: Increased dedicated sales personnel and strengthened integrated service capabilities for key accounts[9][10] Comprehensive Impact Although strategic investments led to positive effects such as double-digit revenue growth for two consecutive quarters, increased market share, and reduced unit costs, the industry's downward pricing trend resulted in unit price decreases exceeding unit cost reductions, combined with resource investments, creating temporary pressure on the company's operating performance - The company faces a short-term dilemma of "revenue growth without profit growth": despite revenue growth, increased market share, and reduced unit costs, industry price competition led to unit price decreases exceeding unit cost reductions, eroding profit margins[10] Risk Warning and Other Disclosures The company confirms no material uncertainties affecting the accuracy of this performance forecast and reminds investors that the final accurate financial data will be based on the company's officially disclosed 2025 semi-annual report - The company states there are no material uncertainties affecting the accuracy of this performance forecast[11] - The company reminds investors that the current forecast data is preliminary, and the specific accurate data will be based on the officially disclosed semi-annual report, advising caution regarding investment risks[12]