华丰股份(605100) - 2025 Q2 - 季度业绩预告

Huafeng Power Co., Ltd. 2025 Semi-Annual Performance Forecast Key Performance Forecast Data The company forecasts a substantial year-over-year decline in its 2025 first-half net profit, with both reported and non-recurring figures expected to decrease by over 68% 2025 Semi-Annual Performance Forecast Summary | Metric | 2025 H1 Forecast | 2024 H1 (Prior Period) | YoY Change | | :--- | :--- | :--- | :--- | | Net Profit Attributable to Parent | 11.50 million CNY - 15.00 million CNY | 46.8776 million CNY | ↓ 68.00% to 75.47% | | Non-recurring Net Profit Attributable to Parent | 10.50 million CNY - 13.50 million CNY | 45.5747 million CNY | ↓ 70.38% to 76.96% | Prior Period Performance Review In the corresponding period of 2024, the company achieved a net profit attributable to the parent of 46.88 million CNY and non-recurring net profit of 45.57 million CNY, with EPS of 0.28 CNY 2024 Semi-Annual Key Financial Data | Metric | 2024 H1 Amount (million CNY) | | :--- | :--- | | Total Profit | 55.2035 | | Net Profit Attributable to Parent | 46.8776 | | Non-recurring Net Profit Attributable to Parent | 45.5747 | | Earnings Per Share (CNY) | 0.28 | Analysis of Performance Decline The current period's performance decline is primarily due to reduced heavy-duty truck market demand impacting component revenue, compounded by operational challenges at the Indian subsidiary, increased credit impairment losses, and lower capacity utilization - Declining component revenue due to shifts in heavy-duty truck market demand: Insufficient demand for traditional diesel heavy-duty trucks, lack of new energy heavy-duty truck business, and natural gas heavy-duty truck component production lines still in debugging phase, failing to generate revenue support[6] - Operational disruptions at the Indian subsidiary: Strategic adjustments by a key client and visa policy impacts prevented employees from conducting local business, leading to year-over-year decreases in operation and maintenance revenue and net profit[6] - Financial and operational efficiency issues: The company recorded an increase in accounts receivable credit impairment losses year-over-year; concurrently, reduced sales orders led to lower capacity utilization and increased unit manufacturing costs[6] Risk Warning and Other Disclosures The company advises that this performance forecast is based on preliminary, unaudited data and may differ from the final semi-annual report, with no other significant uncertainties currently identified that could impact its accuracy - This performance forecast represents preliminary calculation data and has not been audited by an accounting firm[7] - The final accurate financial data will be based on the company's officially disclosed 2025 semi-annual report, cautioning investors about investment risks[7]