渤海汽车(600960) - 2025 Q2 - 季度财报

Important Notice The report, though unaudited, is guaranteed for truthfulness and completeness by management, with no profit distribution plan or non-operating fund occupation by related parties. - The report is unaudited, but company management guarantees its truthfulness, accuracy, and completeness[3][5] - There is no profit distribution plan or capital reserve to share capital increase plan for this reporting period[6] - Forward-looking statements in this report do not constitute substantive commitments; investors should be aware of investment risks[6] - The company has no non-operating fund occupation by controlling shareholders or other related parties, nor any illegal external guarantees[7] - Significant risk warnings are detailed in "Risks Faced" within Section III "Management Discussion and Analysis"[7] Section I Definitions This section provides definitions for key terms and entities, specifying the reporting period from January 1 to June 30, 2025. - "Company" or "the Company" refers to Bohai Automotive Systems Co., Ltd.[12] - The "Reporting Period" refers to January 1, 2025, to June 30, 2025[12] - Values in the report are generally rounded to two decimal places; discrepancies between totals and sum of sub-items are due to rounding[13] Section II Company Profile and Key Financial Indicators This section outlines the company's basic information, stock overview, and key financial indicators, highlighting a net profit turnaround due to BTAH deconsolidation and investment income from "excess loss" reversal. I. Company Information This subsection provides the company's basic identification details, including its Chinese name, abbreviation, and legal representative. - The company's Chinese name is Bohai Automotive Systems Co., Ltd., abbreviated as Bohai Auto[15] - The company's legal representative is Chen Geng[15] II. Contact Persons and Information This subsection provides contact information for the company's Board Secretary and Securities Affairs Representative. - The Board Secretary is Yuan Chunhui, and the Securities Affairs Representative is Gu Xinyan[16] - The company's contact address is No. 569, Bohai 21st Road, Binzhou City, Shandong Province[16] III. Brief Introduction to Changes in Basic Information This subsection details the company's registered and office addresses, website, and email, confirming no changes during the reporting period. - The company's registered and office addresses are both No. 569, Bohai 21st Road, Binzhou City, Shandong Province[17] - The company's website is www.bohai-auto.com, and its email is 600960@bohai-auto.com[17] - There were no changes in the company's basic information during the reporting period[17] IV. Brief Introduction to Changes in Information Disclosure and Document Storage Locations This subsection outlines the company's information disclosure channels and document storage locations, confirming no changes during the reporting period. - The company's chosen newspapers for information disclosure are China Securities Journal, Shanghai Securities News, and Securities Daily[18] - The website address for semi-annual reports is **www.sse.com.cn**[18](index=18&type=chunk) - The company's semi-annual report storage location is the Board of Directors Office of Bohai Automotive Systems Co., Ltd.[18] V. Company Stock Profile This subsection provides a brief overview of the company's stock, including its type, listing exchange, and codes. - The company's stock type is A-shares, listed on the Shanghai Stock Exchange[19] - The stock abbreviation is Bohai Auto, stock code is 600960, and previous abbreviations were Bohai Piston and Binzhou Piston[19] VII. Key Accounting Data and Financial Indicators This subsection presents key accounting data and financial indicators, attributing the net profit turnaround to BTAH deconsolidation and investment income from "excess loss" reversal. (1) Key Accounting Data This subsection presents key accounting data for January-June 2025, comparing operating revenue, total profit, net profit, cash flow, and assets with the prior year. | Indicator | Current Period (Jan-Jun) (CNY) | Prior Year (CNY) | Change (%) | | :--- | :--- | :--- | :--- | | Operating Revenue | 1,712,468,486.35 | 2,328,767,440.14 | -26.46 | | Total Profit | 319,883,584.10 | -108,422,416.14 | N/A | | Net Profit Attributable to Shareholders of Listed Company | 301,497,194.65 | -113,356,726.12 | N/A | | Net Profit Attributable to Shareholders of Listed Company After Deducting Non-Recurring Gains and Losses | 5,537,357.65 | -120,167,612.02 | N/A | | Net Cash Flow from Operating Activities | 169,130,000.40 | 73,551,157.83 | 129.95 | | Net Assets Attributable to Shareholders of Listed Company (Period-end) | 3,614,919,595.20 | 3,475,502,273.28 | 4.01 | | Total Assets (Period-end) | 6,210,983,036.57 | 7,410,225,779.82 | -16.18 | (2) Key Financial Indicators This subsection presents key financial indicators for January-June 2025, including EPS and ROE, and explains the net profit turnaround. | Indicator | Current Period (Jan-Jun) | Prior Year | Change (%) | | :--- | :--- | :--- | :--- | | Basic Earnings Per Share (CNY/share) | 0.3172 | -0.1193 | N/A | | Diluted Earnings Per Share (CNY/share) | 0.3172 | -0.1193 | N/A | | Basic Earnings Per Share After Deducting Non-Recurring Gains and Losses (CNY/share) | 0.0058 | -0.1264 | N/A | | Weighted Average Return on Net Assets (%) | 8.50 | -2.50 | Increased by 11 percentage points | | Weighted Average Return on Net Assets After Deducting Non-Recurring Gains and Losses (%) | 0.16 | -2.65 | Increased by 2.81 percentage points | - Net profit attributable to shareholders of the listed company turned profitable, mainly due to BTAH no longer being consolidated, resulting in the reversal of "excess losses" forming investment income[21] IX. Non-Recurring Gains and Losses and Amounts This subsection details non-recurring gains and losses, with the largest item being the gain from BTAH deconsolidation and "excess loss" reversal. | Non-Recurring Gains and Losses Item | Amount (CNY) | Notes (if applicable) | | :--- | :--- | :--- | | Gains and losses from disposal of non-current assets, including the write-back of impairment provisions | 876,992.40 | | | Government subsidies recognized in current profit or loss, excluding those closely related to the company's normal operations, compliant with national policies, enjoyed according to fixed standards, and having a continuous impact on the company's profit or loss | 7,116,207.30 | | | Fair value changes and disposal gains/losses from financial assets and liabilities held by non-financial enterprises, excluding effective hedge accounting related to normal business operations | 256,377.06 | | | Debt restructuring gains and losses | 678,581.31 | | | Other non-operating income and expenses apart from the above | -86,949.92 | | | Other gains and losses meeting the definition of non-recurring gains and losses | 287,332,399.66 | Mainly due to BTAH no longer being consolidated, reversal of excess losses | | Less: Income tax impact | 210,822.59 | | | Minority interest impact (after tax) | 2,948.21 | | | Total | 295,959,837.00 | | [Section III Management Discussion and Analysis](index=7&type=