安道麦(000553) - 2025 Q2 - 季度业绩预告

Adama Ltd. 2025 Semi-Annual Performance Forecast Current Period Performance Forecast The company expects a net loss for the first half of 2025 to significantly narrow, with attributable net loss projected between RMB 54 million and RMB 108 million, compared to RMB 895 million loss in the prior year 2025 Semi-Annual Performance Forecast (Compared to Prior Year) | Item | Current Period (RMB) | Prior Year (RMB) | | :--- | :--- | :--- | | Net Profit Attributable to Shareholders of Listed Company | Loss: 108 million – 54 million | Loss: 895 million | | Net Profit Excluding Non-Recurring Gains and Losses | Loss: 177 million – 123 million | Loss: 947 million | | Basic Earnings Per Share | Loss: 0.0464/share – 0.0232/share | Loss: 0.3841/share | Communication with Accounting Firm The company has pre-communicated preliminary performance forecast estimates with the accounting firm, confirming no significant discrepancies, and the forecast remains unaudited or unreviewed - This performance forecast represents the company's preliminary estimates and has not been audited or reviewed by a certified public accountant[4] - The company has pre-communicated with the accounting firm regarding the performance forecast, with no significant discrepancies identified[4] Explanation of Performance Changes The company's performance improved year-over-year, primarily due to stabilized sales from increased volume, enhanced gross margin from lower inventory costs and higher sales, and a significant reduction in net loss despite higher finance costs Sales Analysis Sales for the first half of 2025 are expected to remain flat year-over-year (1% growth in RMB), as volume increases from improved channel inventory offset price declines due to oversupply and low agricultural product prices - Expected 2025 semi-annual sales to remain flat compared to 2024 (a 1% increase in RMB, 0% in USD)[5] - Performance stabilization is primarily attributed to increased sales volume from improved channel inventory, which was offset by declining prices[5] - Price weakness is mainly due to oversupply of active ingredients, coupled with high interest rates and depressed agricultural product prices impacting distributors and farmers[5] EBITDA and Net Loss Analysis The company expects year-over-year growth in EBITDA and EBITDA margin for the first half of 2025, driven by improved gross profit and margin from lower inventory costs and increased sales volume, leading to a significantly narrowed net loss despite higher finance costs - Expected 2025 semi-annual EBITDA and its margin to achieve year-over-year growth, primarily due to improvements in both gross profit and gross margin[6] - The increase in gross margin reflects the positive impact of lower inventory costs and a year-over-year increase in sales volume[6] - Net loss significantly decreased year-over-year, primarily due to increased operating profit and reduced tax expenses, whose positive effects outweighed the increase in finance costs[6] Other Relevant Information The company emphasizes this performance forecast is a preliminary estimate, with final audited figures to be disclosed in the semi-annual report on August 27, 2025, and advises investors to consider investment risks - This performance forecast is a preliminary estimate based on initial financial data, is unaudited, and final figures may change[7] - The accurate 2025 semi-annual report will be officially disclosed on August 27, 2025[7]