天奇股份(002009) - 2025 Q2 - 季度业绩预告

Tianqi Shares 2025 H1 Earnings Forecast Performance Forecast Overview The company expects a significant turnaround to profitability in H1 2025, with net profit up over 160% Performance Forecast | Item | Current Period (Forecast) | Prior Year Period | | :--- | :--- | :--- | | Net Profit Attributable to Shareholders | Profit: RMB 50.00 million – 60.00 million | Loss: RMB -78.51 million | | YoY Change | Increase: 163.68% - 176.42% | - | | Net Profit After Non-recurring Items | Profit: RMB 12.00 million - 16.00 million | Loss: RMB -81.31 million | | YoY Change | Increase: 114.76% - 119.68% | - | | Basic Earnings Per Share | Profit: RMB 0.12/share - 0.15/share | Loss: RMB -0.20/share | Analysis of Performance Change Reasons The turnaround is driven by strong intelligent equipment business growth, offsetting lithium battery recycling losses Intelligent Equipment Business This segment was the main growth engine, fueled by intensive project execution in domestic and overseas markets - Overseas market revenue contribution increased significantly, driven by accelerated project execution for BYD Indonesia, BMW Mexico, and Volvo Slovakia[5] - The domestic market business scale remained stable, with continued execution or delivery of projects for NIO, Geely, and Volkswagen in H1[5] Lithium Battery Recycling Business The business remained unprofitable due to industry downturn, though losses narrowed due to a rebound in cobalt prices - The lithium battery recycling industry remains in a downturn, facing dual pressures from structural raw material shortages and low metal price volatility[5] - Low capacity utilization led to high fixed cost allocation for equipment depreciation, resulting in persistent gross margin losses[5][6] - Gross margin loss narrowed year-over-year, benefiting from a price rebound driven by the cobalt export ban in the Democratic Republic of Congo[6] Changes in R&D Expenses R&D expenses increased year-over-year due to strategic investments in the robotics business during the second quarter - The year-over-year increase in R&D expenses was mainly due to increased investment in the robotics business in Q2[6] - Specific investments included expanding the R&D team and developing application solutions for robots in industrial scenarios[6] Other Explanations and Risk Warnings The forecast is a preliminary estimate and may differ from the final audited H1 2025 report - This earnings forecast has not been pre-audited by an accounting firm[4] - The forecast is a preliminary calculation by the finance department; final data may differ from the official H1 2025 report[7]