四方新材(605122) - 2025 Q2 - 季度业绩预告

Current Period Performance Forecast The company anticipates a shift from profit to loss in the first half of 2025, with net profit attributable to shareholders projected between -20 million RMB and -30 million RMB, alongside an approximate 22.59% year-over-year decline in operating revenue Key Performance Indicators for H1 2025 Performance Forecast | Indicator | Forecast Amount/Range | Year-over-Year Change | | :--- | :--- | :--- | | Operating Revenue | Approx. 540.19 million RMB | -22.59% | | Net Profit Attributable to Shareholders | -20.00 million RMB to -30.00 million RMB | Shift from Profit to Loss | | Net Profit Attributable to Shareholders (Excluding Non-recurring Items) | -35.00 million RMB to -50.00 million RMB | Shift from Profit to Loss | Prior Period Performance Review In the first half of 2024, the company reported a profit, with net profit attributable to owners of the parent company at 11.30 million RMB and basic earnings per share at 0.07 RMB, contrasting sharply with the current period's projected loss H1 2024 Prior Period Performance | Indicator | Amount | | :--- | :--- | | Total Profit | 9.47 million RMB | | Net Profit Attributable to Parent Company | 11.30 million RMB | | Net Profit Attributable to Parent Company (Excluding Non-recurring Items) | 5.16 million RMB | | Earnings Per Share | 0.07 RMB | Analysis of Primary Reasons for Current Period's Projected Loss The company attributes the projected loss to three core factors: a significant contraction in market demand due to the real estate downturn, intensified industry competition leading to continuous product price declines, and increased credit impairment losses from tight downstream customer liquidity Weak Market Demand The severe downturn in Chongqing's real estate sector, a core market, led to a substantial reduction in new construction starts, directly causing a sharp decline in demand for the company's main product, commercial concrete, and overall sales fell short of expectations - From January to May 2025, new construction starts in Chongqing, the company's primary sales market, cumulatively decreased by 41.4% year-over-year, significantly reducing demand for commercial concrete products[6] Product Price Decline Insufficient market demand intensified competition in the commercial concrete industry, leading to continued product price declines compared to the prior year, significantly impacting the company's gross margin and net profit - According to data from Chongqing Construction Project Cost Information Network, the average tax-inclusive guiding unit price for C30 commercial concrete in Chongqing from January to May 2025 decreased by 22 RMB per cubic meter compared to the prior year[6] Increase in Credit Impairment Losses Due to widespread liquidity issues among downstream real estate developers and construction enterprises, the company faced difficulties in recovering some accounts receivable, leading to a corresponding increase in credit impairment provisions - Influenced by factors such as insufficient liquidity among downstream real estate developers and construction enterprises, some of the company's accounts receivable could not be collected timely, leading to a corresponding increase in credit impairment loss provisions[6] Risk Warning The company explicitly states that this performance forecast is a preliminary and cautious assessment based on current market conditions, unaudited by a certified public accountant, and advises investors to be aware of potential investment risks - This performance forecast represents a preliminary estimate by the company's finance department and is unaudited by a certified public accountant, thus subject to uncertainty[7] Other Explanatory Notes The company reiterates that the disclosed data are preliminary accounting results, and the final accurate financial data will be based on the company's officially released 2025 semi-annual report - The specific and accurate financial data will be subject to the company's officially disclosed 2025 semi-annual report, and investors are advised to pay attention to investment risks[8]