德明利(001309) - 2025 Q2 - 季度业绩预告

Overview of 2025 Half-Year Performance Forecast The company forecasts a net loss for the first half of 2025, despite significant revenue growth, with specific financial indicators detailed Performance Forecast Period The company forecasts its half-year performance for 2025, covering January 1 to June 30, 2025 - The performance forecast period is from January 1 to June 30, 2025[3] Key Financial Indicator Forecast The company anticipates a net loss for the first half of 2025, with net profit attributable to shareholders expected to decrease significantly, while operating revenue is projected to grow substantially Key Financial Indicators for 2025 Half-Year Performance Forecast | Indicator | 2025 Half-Year Forecast | 2024 Same Period Actual | Year-on-Year Change | | :--- | :--- | :--- | :--- | | Net Profit Attributable to Shareholders of Listed Company | Loss: CNY 80 million – CNY 120 million | Profit: CNY 387.65 million | Decrease: 120.64%-130.96% | | Net Profit Excluding Non-Recurring Gains and Losses | Loss: CNY 84.5 million – CNY 124.5 million | Profit: CNY 369.98 million | Decrease: 122.84%-133.65% | | Operating Revenue | CNY 3.8 billion – CNY 4.2 billion | CNY 2.176 billion | Growth: 74.63%-93.01% | | Basic Earnings Per Share (CNY/share) | Loss: CNY 0.49/share - CNY 0.74/share | Profit: CNY 2.63/share | - | Note: Basic earnings per share for the prior year have been restated based on the ex-dividend adjusted share capital Analysis of Performance Changes Performance changes are attributed to improved market supply-demand, increased operational scale, higher costs and R&D investments, and the impact of non-recurring items and business model upgrades Market Supply-Demand Improvement and Business Scale Expansion Improved market supply-demand for storage chips, driven by capacity adjustments and data center demand, led to price recovery and significant expansion of the company's business scale - The storage chip market's supply-demand structure improved, leading to price recovery and a significant increase in the company's operational scale[5][6] 2025 Q2 Operating Revenue Forecast | Indicator | 2025 Q2 Forecast | Year-on-Year Growth | Quarter-on-Quarter Growth | | :--- | :--- | :--- | :--- | | Operating Revenue (CNY) | CNY 2.548 billion to CNY 2.948 billion | Over 86.67% | Over 103.51% | Cost and Expense Growth with R&D Investment The company's performance pressure is due to industry cycles, market demand shifts, and cost pressures, exacerbated by a 50% increase in R&D expenses for strategic expansion and product development - Performance pressure is influenced by industry cyclical fluctuations, structural adjustments in market demand, and temporary cost pressures[6] 2025 Half-Year R&D Expenses | Indicator | 2025 Half-Year Forecast | 2024 Same Period Actual | Year-on-Year Growth | | :--- | :--- | :--- | :--- | | R&D Expenses (CNY) | Approximately CNY 130 million | CNY 86.64 million | 50% | Impact of Non-Recurring Gains/Losses and Share-Based Payments Non-recurring gains and losses are projected to significantly decrease to approximately CNY 4.5 million, while share-based payment expenses increased to around CNY 24.91 million due to equity incentive plans Comparison of Non-Recurring Gains/Losses and Share-Based Payment Expenses | Indicator | 2025 Half-Year Forecast | 2024 Same Period Actual | Change | | :--- | :--- | :--- | :--- | | Non-Recurring Gains/Losses (CNY) | Approximately CNY 4.5 million | CNY 17.67 million | Decrease | | Share-Based Payment Expenses (CNY) | Approximately CNY 24.91 million | CNY 21.08 million | Increase | Business Model Upgrade and Profitability Optimization The company upgraded its business model from single product supply to integrated 'hardware+technology+supply chain' services, achieving breakthroughs in enterprise and embedded storage, and continuously improving profitability through product optimization and cost control - The company's business model upgraded from single product supply to an integrated 'hardware+technology+supply chain' service model[7] - Rapid breakthroughs were achieved in enterprise-grade storage and embedded storage, leading to significant growth in related business scale[7] - Profitability continues to improve through product structure optimization, strengthened supply chain management, and cost control[7] Other Important Matters This section addresses the preliminary nature of the financial data and provides a cautionary note to investors regarding investment risks Communication with Accounting Firm The financial data in this performance forecast are preliminary estimates by the company's finance department and have not been audited by an accounting firm - The performance forecast data is a preliminary estimate by the company's finance department and has not been audited by an accounting firm[4] Risk Warning Investors are cautioned that this performance forecast is preliminary, and final financial data will be based on the company's 2025 half-year report, urging prudent investment decisions - This performance forecast is a preliminary estimate, and the final data will be subject to the half-year report[8] - Investors are advised to make prudent decisions and be aware of investment risks[8]