银河电子(002519) - 2025 Q2 - 季度业绩预告

Current Period Performance Forecast The company forecasts a significant net loss for H1 2025, with net profit attributable to shareholders expected to decline by 119.13% to 123.55% year-over-year 2025 Half-Year Performance Forecast | Item | Current Period | Prior Year Period | | :--- | :--- | :--- | | Net Profit Attributable to Shareholders | Loss: RMB 26 million – RMB 32 million | Profit: RMB 135.88 million | | | YoY Decline: 119.13% - 123.55% | | | Net Profit Excluding Non-Recurring Items | Loss: RMB 32 million – RMB 40 million | Profit: RMB 55.56 million | | | YoY Decline: 157.6% - 172% | | | Basic Earnings Per Share | Loss: RMB 0.03/share – RMB 0.04/share | Profit: RMB 0.1206/share | - The company expects net profit for the first half of 2025 to turn negative[3] Communication with Accounting Firm The company explicitly states that the financial data in this performance forecast is unaudited and represents preliminary estimates - The financial data in this performance forecast has not been audited by an accounting firm[5] Explanation of Performance Change Performance decline is primarily due to business challenges at core subsidiary Tongzhi Electromechanical and the absence of non-recurring income from the prior year, prompting the company to adjust its military business model and expand into new growth areas - The core reason for the performance decline is the impact of contract price review investigations and procurement bans on wholly-owned subsidiary Tongzhi Electromechanical, leading to reduced new orders, delayed revenue recognition for existing orders, and ongoing operating expenses[6] - Compared to the prior year, this reporting period lacks the significant non-recurring income from the settlement of a lawsuit with CITIC Guoan[6] - To address challenges, the company is adjusting its military business model and accelerating its transformation into new businesses such as unmanned intelligent equipment, environmental testing services, and satellite communication to cultivate new growth points[7] Risk Warning The company faces significant risks primarily related to its subsidiary Tongzhi Electromechanical, including ongoing contract review investigations and a 36-month ban from military procurement activities starting June 16, 2025 - Due to non-compliant behavior, subsidiary Tongzhi Electromechanical is prohibited from participating in all military equipment procurement activities for 36 months starting June 16, 2025, which is expected to significantly impact new military business orders over the next three years[8] - The contract price review investigation for Tongzhi Electromechanical in specific areas is ongoing with no conclusion yet, which led to significant price review refunds in 2024[8] - Company countermeasures include requiring Tongzhi Electromechanical to conduct self-inspection and correction, strengthen internal management, adjust its operating model, and ensure the delivery of existing contracts[8] Other Relevant Information The company advises investors that this performance forecast is a preliminary estimate with inherent uncertainties, and final accurate financial data will be disclosed in the 2025 half-year report - This performance forecast is a preliminary estimate by the company's finance department, with final data subject to the 2025 half-year report[9] - The company reminds investors to make cautious decisions and be aware of investment risks[9]