惠达卫浴(603385) - 2025 Q2 - 季度业绩预告

Huida Sanitary Ware Co., Ltd. 2025 Semi-Annual Performance Forecast Current Period Performance Forecast The company anticipates a significant decline in its 2025 first-half performance, with net profit attributable to the parent company expected to decrease by 67.52% to 72.82% year-on-year, and non-recurring net profit attributable to the parent company projected to turn from profit to loss, plummeting by 199.60% to 219.29% year-on-year, based on preliminary unaudited estimates 2025 Semi-Annual Performance Forecast | Metric | 2025 Semi-Annual Forecast | Year-on-Year Change | | :--- | :--- | :--- | | Net Profit attributable to Parent | 16.40 million yuan - 19.60 million yuan | ↓ 67.52% to 72.82% | | Non-recurring Net Profit attributable to Parent | -32.10 million yuan - -26.80 million yuan | ↓ 199.60% to 219.29% | - This performance forecast applies to situations where profitability is achieved, but net profit declines by over 50% compared to the same period last year[3] - The company explicitly states that this performance forecast data is a preliminary estimation by the finance department and has not been audited by a certified public accountant[6] Operating Performance and Financial Status for the Same Period Last Year The report provides 2024 first-half performance benchmarks, including net profit attributable to the parent company of 60.3360 million yuan, non-recurring net profit attributable to the parent company of 26.9085 million yuan, and earnings per share of 0.1581 yuan, serving as the basis for year-on-year analysis with current forecasts 2024 Semi-Annual Operating Performance | Metric | 2024 Semi-Annual (Same Period Last Year) | | :--- | :--- | | Total Profit | 62.6477 million yuan | | Net Profit attributable to Parent | 60.3360 million yuan | | Non-recurring Net Profit attributable to Parent | 26.9085 million yuan | | Earnings Per Share | 0.1581 yuan | Primary Reasons for Current Period Performance Decline The performance decline is primarily attributed to dual internal and external pressures, with external factors including overseas conflicts, tariff policy changes, and reduced export tax rebates leading to a decline in export business gross margin, while internal factors involve domestic market structural adjustments and insufficient demand resulting in decreased revenue from major client engineering projects, further impacted by provisions for asset impairment - Operating revenue for the first half of 2025 is estimated to be approximately 1.425 billion yuan, representing a year-on-year decrease of approximately 9.94%[8] - External reasons for the performance decline include overseas regional conflicts, changes in tariff policies, and a reduction in export tax rebate rates, leading to a decrease in the gross margin of overseas export business[8] - Internal reasons for the performance decline include deepening domestic structural adjustments and insufficient effective demand, resulting in a year-on-year decline in revenue from domestic major client engineering projects[8] - The company made provisions for asset impairment on some inventory and fixed assets, negatively impacting profit[8] - The company plans to enhance management efficiency and gross margin through measures such as optimizing marketing channels and product structure, and accelerating digital transformation[8] Risk Warning and Other Notes The company emphasizes that this performance forecast is a preliminary, unaudited calculation based on the finance department's professional judgment, thus subject to uncertainty, and investors are advised to note investment risks as the final accurate financial data will be based on the company's officially disclosed 2025 semi-annual report - The company states that this performance forecast is a preliminary calculation by the finance department and has not been audited by a certified public accountant[9] - The company anticipates no significant uncertainties that would affect the accuracy of this performance forecast[9] - The final accurate financial data will be subject to the company's officially disclosed 2025 semi-annual report, reminding investors to be aware of risks[10]