联合水务(603291) - 2025 Q2 - 季度业绩预告

Jiangsu United Water Technology Co., Ltd. 2025 Semi-Annual Performance Forecast Performance Forecast Summary The company forecasts a significant year-on-year decline in H1 2025 net profit, mainly due to a high comparative base from prior period's one-time litigation compensation Key Performance Indicators for H1 2025 Performance Forecast | Indicator | H1 2025 (Estimated) | Year-on-Year Change | | :--- | :--- | :--- | | Net Profit Attributable to Shareholders | Approx. 38.9478 million RMB | ↓ Approx. 53.11% | | Net Profit After Non-Recurring Gains/Losses | Approx. 34.6304 million RMB | ↓ Approx. 29.70% | Details of Current Period Performance Forecast Preliminary estimates indicate H1 2025 net profit attributable to shareholders is approximately 38.95 million RMB, a 53.11% year-on-year decrease, with unaudited figures H1 2025 Performance Forecast | Item | Current Period (H1 2025) Estimated | Prior Period (H1 2024) | Year-on-Year Change | | :--- | :--- | :--- | | Net Profit Attributable to Shareholders | Approx. 38.9478 million RMB | 83.0580 million RMB | ↓ Approx. 53.11% | | Net Profit After Non-Recurring Gains/Losses | Approx. 34.6304 million RMB | 49.2582 million RMB | ↓ Approx. 29.70% | - The performance forecast data represents preliminary calculations by the company's finance department and has not been audited by a certified public accountant[6] Review of Prior Period Performance In H1 2024, the company reported net profit attributable to shareholders of 83.06 million RMB and earnings per share of 0.19625 RMB Key Financial Data for H1 2024 | Indicator | Amount | | :--- | :--- | | Total Profit | 113.8687 million RMB | | Net Profit Attributable to Shareholders | 83.0580 million RMB | | Net Profit After Non-Recurring Gains/Losses | 49.2582 million RMB | | Earnings Per Share | 0.19625 RMB | Analysis of Reasons for Performance Decline The performance decline is attributed to a high prior-period base from one-time litigation compensation, increased depreciation in wastewater treatment, and reduced water supply installation business - Decrease in non-recurring gains and losses: A subsidiary received a significant one-time litigation compensation in H1 2024, which is absent in H1 2025, leading to a substantial year-on-year reduction in current period profit[9] - Squeezed profit in wastewater treatment business: Increased depreciation and amortization from upgrades at some wastewater treatment plants, without corresponding water price adjustments, impacted project profitability[9] - Decline in water supply and related businesses: Contribution from water supply installation engineering business slightly decreased year-on-year due to market conditions[9] Risk Warning and Other Matters The company confirms no significant uncertainties affecting the forecast's accuracy, emphasizing that the preliminary, unaudited data is subject to the final semi-annual report - The company states that as of the announcement date, there are no significant uncertainties affecting the accuracy of this performance forecast[11] - The company reminds investors that the performance forecast data is preliminary and unaudited, with final figures subject to the company's 2025 semi-annual report[12]