帝欧水华(002798) - 2025 Q2 - 季度业绩预告

I. Current Period Performance Forecast (I) Performance Forecast Period This performance forecast covers the semi-annual financial performance from January 1, 2025, to June 30, 2025 - The performance forecast period is from January 1, 2025, to June 30, 2025[3] (II) Performance Forecast Details The company projects a net loss for H1 2025, with attributable net profit loss of RMB 75-95 million, an expanded loss, and declining operating revenue - Net profit is projected to be negative[4] Key Financial Indicators for H1 2025 Performance Forecast | Item | Current Period (Estimated) | Prior Period (Actual) | | :--- | :--- | :--- | | Net Profit Attributable to Shareholders of Listed Company (RMB million) | Loss: 75 - 95 | Loss: 55.0654 | | Net Profit After Deducting Non-Recurring Gains and Losses (RMB million) | Loss: 82 - 102 | Loss: 71.2692 | | Basic Earnings Per Share (RMB/share) | Loss: 0.2016 - 0.2554 | Loss: 0.1504 | | Operating Revenue (RMB billion) | 1.1 - 1.25 | 1.3895668 | II. Communication with Accounting Firm Communication with Accounting Firm This performance forecast's data is a preliminary estimate by the finance department, unaudited by an accounting firm - The performance forecast data has not been audited or pre-audited by an accounting firm[5] III. Explanation of Performance Changes 3.1 Operating Environment and Revenue Changes Operating revenue declined due to industry competition and macro factors, while the tile division's distribution channel revenue remained stable - Operating revenue declined year-over-year due to multiple factors including industry and macroeconomic conditions, alongside sustained internal industry competition[6] - The company's tile division distribution channel revenue remained largely stable, with gross margin improving compared to the prior year[7] 3.2 Key Factors for Increased Loss Net loss expanded primarily due to increased credit impairment losses, higher deferred income tax expenses, and convertible bond financial expense amortization - Net cash flow from operating activities remained consistently positive, demonstrating robust cash flow and operational resilience[7] - Credit impairment losses increased year-over-year, primarily due to an extended aging structure of accounts receivable and individual provisions[7] - Deferred income tax expenses increased year-over-year, driven by the acceptance of non-cash assets for debt settlement and the disposal of some property-for-debt assets, leading to a reduction in deductible temporary differences from asset losses due to the reversal of prior impairment provisions[7] - Amortization of financial expenses for convertible bonds amounted to approximately RMB 49.4 million, impacting current period net profit[7] IV. Risk Warning Risk Warning This preliminary, unaudited performance forecast will be finalized in the semi-annual report; investors should exercise caution - This performance forecast is a preliminary estimate by the company's finance department, with specific data to be fully disclosed in the 2025 semi-annual report[8] - Investors are kindly advised to exercise caution regarding investment risks[9]