万方发展(000638) - 2025 Q2 - 季度业绩预告

Current Period Performance Forecast The company anticipates a turn from profit to loss for the first half of 2025, with net profit attributable to shareholders expected to be a loss of 4.5 million to 6.5 million yuan Forecast Period and Expected Results The company expects to turn from profit to loss in the first half of 2025, with net profit attributable to shareholders projected to be a loss of 4.5 million to 6.5 million yuan, and net profit after deducting non-recurring gains and losses projected to be a loss of 5 million to 7 million yuan - The performance forecast period is from January 1, 2025, to June 30, 2025[3] 2025 Semi-Annual Performance Forecast Key Financial Indicators Comparison | Item | Current Period (Estimated) | Prior Year (Actual) | Change | | :--- | :--- | :--- | :--- | | Net Profit Attributable to Shareholders | Loss: 4.5 million–6.5 million yuan | Profit: 1.0471 million yuan | Turn from profit to loss | | Net Profit After Deducting Non-recurring Gains and Losses | Loss: 5 million–7 million yuan | Profit: 0.4832 million yuan | Turn from profit to loss | | Basic Earnings Per Share | Loss: 0.0145 yuan/share–0.0209 yuan/share | Profit: 0.0034 yuan/share | Turn from profit to loss | Communication with Accounting Firm This semi-annual performance forecast is a preliminary estimate by the company's finance department and has not been audited by a certified public accountant - This performance forecast has not been audited by a certified public accountant[4] Explanation of Performance Changes The significant decrease in net profit is primarily due to the reversal of credit impairment losses from collecting receivables in the prior year, while main business operations remained stable Impact of Main Business Operations The company's main business operations did not significantly change compared to the prior year, but net profit decreased substantially due to the reversal of approximately 7.8 million yuan in credit impairment losses from collecting receivables in the prior year - Main business operations did not significantly change compared to the prior year[5] - The significant decrease in net profit is primarily due to the collection of receivables and the reversal of approximately 7.8 million yuan in credit impairment losses in the prior year[5] Impact of Non-recurring Gains and Losses Non-recurring gains and losses impacted the company's net profit by approximately 0.58 million yuan, primarily from government subsidies received by subsidiaries - Non-recurring gains and losses impacted the company's net profit by approximately 0.58 million yuan[6] - Primarily from government subsidies obtained by subsidiaries[6][7] Risk Warning The company faces delisting risk due to 2024 financial performance and potential changes in controlling shareholder or actual controller Delisting Risk Warning The company has been subject to a delisting risk warning due to its 2024 financial data violating relevant provisions of the Shenzhen Stock Exchange Listing Rules; further violations in 2025 could lead to termination of listing - The company's stock trading has been subject to a delisting risk warning since April 30, 2025, due to its audited financial data for 2024 violating Article 9.3.1 of the Shenzhen Stock Exchange Listing Rules[8] - The triggering conditions are 'the lower of audited total profit, net profit, and net profit after deducting non-recurring gains and losses for the most recent fiscal year is negative, and the operating revenue after deduction is less than 300 million yuan'[8] - If the company meets the conditions specified in Article 9.3.12 of the Shenzhen Stock Exchange Listing Rules in 2025, its stock may face the risk of termination of listing[8] Risk of Change in Controlling Shareholder and Actual Controller The company's major shareholder, Beijing Wanfangyuan Real Estate Development Co., Ltd., will have all its shares (29.18% of total share capital) judicially auctioned, potentially leading to a change in controlling shareholder, actual controller, or no actual controller - All 90,860,000 shares held by Beijing Wanfangyuan Real Estate Development Co., Ltd., the company's major shareholder (representing 100% of its holdings and 29.18% of the company's total share capital), will be judicially auctioned from July 22 to July 23, 2025[9] - Wanfangyuan has entrusted the voting rights of 80,444,000 shares (representing 25.83% of the company's total share capital) to Baishan Huide Industrial Co., Ltd., which is the company's controlling shareholder, with Baishan Jiangyuan District Finance Bureau as the actual controller[10] - Upon completion of the auction, Wanfangyuan will lose its status as the company's largest shareholder and will no longer hold company shares, posing a risk of change in controlling shareholder, actual controller, or the absence of an actual controller[10] Other Relevant Information This performance forecast is a preliminary estimate by the company's finance department, with detailed financial data to be disclosed in the 2025 semi-annual report, urging investors to exercise caution - This performance forecast is a preliminary estimate by the company's finance department[11] - Specific financial data will be disclosed in detail in the company's 2025 semi-annual report[12] - Investors are advised to invest rationally and be aware of investment risks[12]