普冉股份(688766) - 2025 Q2 - 季度业绩预告

Performance Forecast Overview Puya Semiconductor anticipates 2025 H1 revenue of approximately RMB 905 million, a slight 1.00% increase, but expects net profit attributable to owners to decline significantly by 70.58% to RMB 40 million, with non-recurring adjusted net profit dropping 82.83% to RMB 26 million Performance Forecast Summary | Metric | 2025 H1 Forecast | 2024 H1 Actual | YoY Change | | :--- | :--- | :--- | :--- | | Operating Revenue | Approx. 905.00 million RMB | 896.02 million RMB | +1.00% approx | | Net Profit Attributable to Owners | Approx. 40.00 million RMB | 135.98 million RMB | -70.58% approx | | Non-Recurring Adjusted Net Profit Attributable to Owners | Approx. 26.00 million RMB | 151.44 million RMB | -82.83% approx | - This performance forecast is a preliminary estimate by the company's finance department and has not been audited by a certified public accountant[4] Prior Period Performance Comparison The report presents 2024 H1 performance as a comparative baseline, with RMB 896 million in revenue, RMB 136 million in net profit, and RMB 151 million in non-recurring adjusted net profit 2024 H1 Performance | Metric | 2024 H1 Amount (RMB Millions) | | :--- | :--- | | Operating Revenue | 896.02 | | Net Profit Attributable to Owners | 135.98 | | Non-Recurring Adjusted Net Profit Attributable to Owners | 151.44 | Analysis of Performance Changes Performance decline primarily stems from core business profit pressure and non-recurring items; while 'Storage+' strategy slightly boosted revenue, increased R&D, rising expenses, and inventory impairment significantly reduced core profit, partially offset by government grants and investment income Impact of Core Business While 'Storage+' new products (MCU, Driver) slightly increased overall revenue, core memory chip shipments declined due to slow consumer market recovery, with RMB 60 million in increased R&D, management, and sales expenses, and RMB 58 million in higher inventory impairment, significantly eroding profit - 'Storage+' strategy steadily implemented, with increased market share for new products like MCU and Driver, leading to a slight overall revenue increase in H1 compared to last year, offsetting the decline in main memory chip shipments[6] - Due to expanded personnel and deeper R&D projects, R&D, management, and sales expenses collectively increased by approximately RMB 60 million year-over-year, but new product revenue has not yet scaled to offset the negative impact of increased expenses on profit[6] - The company's proactive supply chain strategy resulted in high inventory levels, leading to an approximate RMB 58 million year-over-year increase in asset impairment losses recognized in this reporting period due to inventory impairment provisions based on prudence principles[6] Impact of Non-Recurring Items Non-recurring items positively impacted profit, with government grants increasing by approximately RMB 15 million and investment income from Huada Jiutian shares rising by approximately RMB 18 million year-over-year, partially mitigating the net profit decline - During the reporting period, various government grants received by the company increased by approximately RMB 15 million year-over-year[8] - Investment income from the company's strategic placement shares in Huada Jiutian increased by approximately RMB 18 million year-over-year, influenced by secondary market stock price fluctuations[8] Risk Warning and Other Notes The company explicitly states this performance forecast is a preliminary, unaudited financial department estimate, with final data subject to the official 2025 semi-annual report, urging investors to be aware of investment risks - This performance forecast is a preliminary calculation by the company's finance department based on its professional judgment and has not been audited by a certified public accountant[9] - The specific and accurate financial data will be subject to the company's officially disclosed 2025 semi-annual report; investors are advised to be aware of investment risks[10]